The following memo was delivered at the semi-annual Roadrunner Records shareholders meeting on July 13, 2007:
“To our valued investors and board members:
2007 is shaping up to be quite a productive year for Roadrunner Records! Before we call this meeting to order, we would like to announce the two newest members of the Roadrunner family: Biffy Clyro and Atreyu. We haven’t been this fucking psyched about a signing since we managed to extend the Slipknot brand with Stone Sour! With Atreyu and Biffy Clyro on the roster and a strategic partnership with Hot Topic in place, Roadrunner is now poised to dominate the coveted “tween” market across the entire world.
Some of you have raised concerns over a recent report by the highly reputable news agency Blabbermouth that discussed a breakdown in communications with Daughtry, which ultimately resulted in the band’s decision to choose a contract with RCA Records over Roadrunner’s generous offer. We’re all sorry we let a group like Daughtry slip through our fingers but we are currently addressing the situation with offers to Constantine Maroulis and Bucky Covington on the table. Both of these “rockers” actually finished higher in American Idol voting than Chris Daughtry. The Roadrunner train keeps on rollin’!
We’re happy to report that the label’s bad contracts with Obituary and Chimaira are finally off the books. Now we can move on to more pressing matters, like the Opeth “problem.” Unfortunately, our strategy of re-releasing Ghost Reveries with bonus materials and expanded packaging once every three months has not translated into the type of sales we traditionally expect from our “core” artists. Plans for a new Opeth record have been delayed indefinitely until our hand-picked producer Corey Taylor finishes with his current commitments. In the interval, we’re putting Opeth on the road this fall with Black Stone Cherry, Wolfmother and Staind to introduce the band’s brand of melodic death metal to an audience that will truly appreciate it.
We would also like to announce a couple of minor organizational changes for 2007. Matt Heafy of Trivium has recently been promoted to the head of Roadrunner’s A&R department. Matt brings a depth of experience to the position; we hope that he will be able to scour his MySpace “Top 16″ list to bring a new generation of talented artists to the Roadrunner roster. Additionally, we would like to welcome a familiar face as the company’s new president and CEO : Chad Kroeger of Nickelback. None of you have any reason to worry about what disruptions these organizational changes may bring; we think you will all agree with us when we say that Chad has a superior talent for keeping things exactly the same.
Thank you for your time and your energy. Without your continued trust and sponsorship, we would not be able to build Roadrunner into a leader in the industry with a truly global brand. New signings Atreyu will be on display in their cages in the hallway as you exit. Do not make sudden movements that may frighten the band, and do not feed them – especially the fat one!”