Independent No More: Sony Buys the Rest of The Orchard

460520720_215cdb405e_z (1)

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.<!–/*
* The backup image section of this tag has been generated for use on a
* non-SSL page. If this tag is to be placed on an SSL page, change the
*   ‘http://72.52.81.231/revive/www/delivery/…’
* to
*   ‘https://72.52.81.231/revive/www/delivery/…’
*
* This noscript section of this tag only shows image banners. There
* is no width or height in these banners, so if you want these tags to
* allocate space for the ad before it shows, you will need to add this
* information to the tag.
*
* If you do not want to deal with the intricities of the noscript
* section, delete the tag (from … to ). On
* average, the noscript tag is called from less than 1% of internet
* users.
*/–>

// <![CDATA[
var m3_u = (location.protocol=='https:'?'https://72.52.81.231/revive/www/delivery/r9.php':'http://72.52.81.231/revive/www/delivery/r9.php');
   var m3_r = Math.floor(Math.random()*99999999999);
   if (!document.MAX_used) document.MAX_used = ',';
   document.write ("”);
// ]]>Now, Billboard reports that Sony is paying around $200 million to buy Dimensional Associates’ stake. The deal still needs government approval, but is expected to close after March of this year.

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

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *