Curb has owned a 20% stake in Word Entertainment since 2002, but they have now acquired the remaining 80% from Warner Music Group. The acquisition includes music, film, live events and Word's building in Nashville. However, the printed music division will remain owned jointly by WMG and Curb, and WMG will continue to distribute Word releases to the general market.
Longtime Word president and CEO Rod Riley will continue in his position. He shared "It has been an honor for me to be part of the Word and Warner families for the past decade, and so I am excited that our companies will be continuing to work closely together. I am grateful to Espo for his support and collaboration as we worked to continue to transform Word both creatively and commercially. Mike Curb has simultaneously served as a wise and thoughtful mentor to me for more than a decade, and I am thrilled that Word and Curb will continue on our journey to take Christian music to new heights. Our mission remains constant -- to continually serve our artists and songwriters while we forge new ground as one of the preeminent faith-based entertainment companies."
The combined forces of Curb and Word promise to be a powerful player in Christian music moving forward.