Digital music distributor INgrooves has acquired physical music distributor Fontana from Universal Music Group. Fontana has served as the U.S. distributor for such independent labels as Dangerbird, ECMD, Filter, Ministry Of Sound, NastBoy, Vagrant and VP. The combined company will be renamed INgrooves Fontana.
UMG holds a minority equity stake in INgrooves, but may have been motivated to sell Fontana to raise cash, as well as to satisfy regulators eyeing Universal's $1.2 billion purchase of EMI.
INgrooves Fontana will continue to work with UMG’s sales force in connection for physical sales. The new company will be run by Dave Zierler, President of INgrooves and Ron Spaulding, President of Fontana. Both will report to CEO and INgrooves founder Robb McDaniels.
Sunday, March 4, 2012
INgrooves Buys Fontana Distribution From Universal INgrooves Buys Fontana Distribution From Universal
Source: Hypebot
See Entertainment Linx's Interview with the President of Fontana: Interview with Ron Spaulding
Posted by Entertainment Linx at 3:52 PM
Labels: Distribution, Distributor, Fontana, ingrooves, ron spaulding, universal music group