Indie-centered investment firm Exceleration Song has announced the acquisition of Hillsborough, North Carolina-basically based mostly distributor Redeye Worldwide.
Three-year-passe Exceleration Song emailed Digital Song Files as of late with observe of the deal for 27-year-passe Redeye. The play, it’s value noting on the outset, follows Exceleration’s aquire of plenty of catalogs apart from agencies such as Chicago’s Bloodshot Records.
Whereas the fervent events opted towards disclosing the right financials connected to the most contemporary of these transactions, alternatively, they did emphasize that it encompasses Redeye labels Yep Roc (the professional residence of acts along with Chuck Prophet and Aoife O’Donovan) and Sundazed, apart from the entity’s Riff City Sounds publishing firm.
On the distribution and impress-companies facets, the Border Song parent Redeye is supposed to count as possibilities Beggars Neighborhood, Domino, New West Records, Stones Throw Records, and Modern Leisure, to establish upright just a few.
Per Exceleration, the acquisition “marks a pivotal 2nd” and must level-headed enable it “to maintain watch over all choices of tune’s hump to the streaming and physical markets, handing over fully self sustaining worldwide distribution and impress companies.”
Constructing upon the level, professionals disclosed that Redeye co-founders Tor Hansen and Glenn Dicker “like turn into shareholders in Exceleration” and must level-headed continue to lead their over 120-person operation with extra toughen from the latter industrial. (Exceleration’s agree with co-founders are extinct Harmony CEO Glen Barros, Epitaph and Merlin vet Dave Hansen, extinct Merlin CEO Charles Caldas, extinct Ingrooves GM Amy Dietz, and extinct Harmony Records president John Burk.)
“Redeye’s operational construction stays unchanged,” the newly aligned companies drove residence, pointing out the continuing presence of “key” executives along with head of worldwide Michael Petkov, world marketing director Laura Pittard, and affiliate VP of world operations Michael Howard.
Addressing the agreement, Exceleration associate and co-founder Glen Barros reiterated that the addition of Redeye and its varied divisions “represents a truly noteworthy expansion of Exceleration’s overall blueprint to present a boost to the self sustaining neighborhood.”
“Redeye already presents a nice carrier to a formidable set of first-rate indie labels searching out a distributor that might per chance carrier both physical and digital channels on a world basis,” proceeded Barros. “Along with Glenn, Tor and the Redeye workforce, we notion to broaden Redeye’s already spectacular network and to collectively assist our present, and future impress partners to basically thrive.”
And in comments of his agree with, Redeye co-founder Glenn Dicker communicated: “Working with the Exceleration workforce feels savor expanding the family. Sharing stable ideals and a strategic vision, it feels savor the following natural step on our hump towards offering our world class distribution carrier to an expanded self sustaining neighborhood.”
