Independent No More: Sony Buys the Rest of The Orchard

Back in 2010, Dimensional Associates acquired independent distributor The Orchard.

In 2012 Sony bought a majority of The Orchard.  An exact percentage wasn’t disclosed, but Sony was believed to have purchased about 51 percent.  Dimensional Associates owned the rest of the company.<!–/*
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Billboard estimates that The Orchard makes $200 million a year.

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

Image by Dave Rutt, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0).

The post Independent No More: Sony Buys the Rest of The Orchard appeared first on Digital Music News.

Source: Industry News