Sony Music Australia has invested in Cooking Vinyl Australia, the two companies have announced. As well as investing money into the indie label, the major will now exclusively distribute its recordings through its Orchard label services company.
Sony Music’s CEO for Australia & New Zealand Denis Handlin says: “Cooking Vinyl Australia is an incredibly talented team and we are delighted to be starting 2018 with this dynamic partnership. This venture will further expand Sony Music’s diverse roster of local and international artists and releases and we are looking forward to an exciting future”.
Leigh Gruppetta, co-MD of Cooking Vinyl Australia, adds: “We are THRILLED about what the future holds as we enter this next phase of the business. The opportunity to further grow and develop the careers of our artists and partner labels has just received a massive shot in the arm. The faith shown in us by Denis and his team is humbling”.
Cooking Vinyl Australia was launched in 2013, with the aim of signing local and international acts, as well as representing the existing Cooking Vinyl roster in the Australian market. It launched its own publishing division in 2016.
This is not the first deal between Sony and the Cooking Vinyl Group. In 2016, Sony Music acquired Cooking Vinyl’s label services business Essential Music And Marketing. It was merged with Sony’s existing distribution firm to create Red Essential, which then merged with The Orchard.
[from http://ift.tt/2lvivLP]
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