Interscope Geffen A&M announced today that it will acquire the remaining 50% share of the A&M/Octone joint venture from Octone Records. Formed in 2007, the joint venture was scheduled to conclude in mid-2014.
CEO/President James Diener and A&M/Octone were responsible for the signing and development of worldwide multi-platinum superstars Maroon 5, platinum rap-rockers Hollywood Undead, platinum modern-rock act Flyleaf, and internationally acclaimed hip-hop artist K’naan, among others.
“James and everyone at A&M/Octone created a fantastic home for their artists, and their commitment to that roster has been unparalleled,” commented John Janick, President and COO of Interscope Geffen A&M. “We wish James nothing but the best as he embarks on his next venture.”