300 Entertainment—the home of Young Thug, Megan Thee Stallion, Gunna, and more—is reportedly up for sale. It may be going into good hands if the right people check Twitter.
Pierre “Pee” Thomas, CEO and co-founder of Quality Control Music, took to the social media platform Saturday to express his interest in acquiring the company and adding to his already impressive hip-hop arsenal.
“I Wanna Buy @300 My Bankers On Deck,” he wrote, tagging the company in the post. “Let’s Have The Conversation.”
Pee co-founded the label with Kevin “Coach K” Lee, bringing in such talent as Migos, City Girls, Lil Baby, and even a fair share of professional athletes under a sports roster.
Bloomberg reports that 300, which was founded in 2012, is looking for $400 million, according to sources. Kevin Liles remains CEO of the company.
As Revolt pointed out, if Pee takes the plunge, there may be some confusion as to how distribution would work. QC has Motown as a distributor, but 300 works through Atlantic Records. For now, it just stands as an idea.
“I think that [artists] feel a sense of purpose with us,” 300 founder Lyor Cohen told Pigeons & Planes of the label days before departing in 2016. “They feel like we’re on the cusp of an era, a transitional era, where you’ll see more boutique labels. Not independent like broke independent, but have an independent spirit and a sufficient amount of capital to really make a dent.”
For more 300 Entertainment-related writing, check out everything you may have missed from Complex’s Young Thug Week, in celebration of the YSL headman’s latest album, Punk.
