News - 05/05/2017

Sony’s The Orchard buys distributors finetunes and Phonofile

Sony’s The Orchard buys distributors finetunes and Phonofile

The Orchard (the distibutor owned by Sony) is boosting its presence in Europe with the full acquisition of two rival independent distributors: Germany’s finetunes and Norway’s Phonofile.

This means that Sony has acquired four independent European distributors in little over a year: the company, indeed, already bought Essential Music & Marketing (UK) and Century Media (DE) in 2016 for a combined price of just under £16m ($21m).

Labels distributed by finetunes and Phonofile will gain access to The Orchard’s services in over 25 territories worldwide.

Those services include physical sales and distribution, global digital marketing, playlist promotion, interactive marketing, digital advertising, synch licensing, video services, performance/neighboring rights collections, and artist royalty processing and more.

Brad Navin, CEO of The Orchard, commented:

We’re honored to welcome finetunes and Phonofile to The Orchard family. Their addition greatly enhances our local representation in two of Europe’s key digital entertainment markets. Both teams are extremely knowledgeable and passionate, and they do an excellent job representing some of the most prestigious and important independent labels in Germany and the Nordics respectively. In joining together, we believe we have an exciting opportunity to provide even greater levels of service and global reach to our local clients.

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