Kevin Liles has reportedly stepped down from his CEO position at 300 Entertainment. His decision has shocked many, as he co-founded and spearheaded the company for almost a decade. So, why is Liles suddenly giving up on his position?

Baltimore native and music mogul Kevin Liles on Tuesday said he would be leaving his role as CEO of 300 Entertainment at the end of the month. “After a decade, it’s time to pass the torch,” said Liles in an Instagram post.

Kevin Liles is stepping down as 300 Entertainment CEO, announcing in a memo to staff that he will depart Warner Music Group at the end of the month.

Music executive Kevin Liles announced that he is leaving his post at 300 Entertainment, but Diddy's arrest means conspiracy theories.

In the latest shakeup at Warner Music Group, Kevin Liles, chairman and CEO of Warner Music's 300 Elektra Entertainment, will leave the company at the end of the year, according to memos obtained by Variety.

Kevin Liles has announced his departure as chairman and CEO of Warner Music’s 300 Entertainment. On Tuesday (September 17), Liles revealed that he would step down by the end of September

Kevin Liles, the co-founder and CEO of 300 Entertainment, has announced his departure from the label he helped establish nearly a decade ago.

Kevin Liles is stepping away from his position at 300 Entertainment, the label he co-created with Lyor Cohen, Todd Moscowitz, and Roger Gold.

Kevin Liles has stepped down as chairman and CEO of Warner Music's 300 Entertainment. On Tuesday, the label executive announced he would be leaving at the end of September but would remain as a consultant throughout the year.