Sacramento, Calif. - Digital Music Group, Inc. (DMGI), an owner and digital distributor of independent music, TV and video catalogs, said on Thursday that it has scheduled a special stockholder meeting to vote on its proposed merger with fellow digital distributor The Orchard.

The companies announced a merger plan on July 10 that would see DMGI issue 9.1 million common shares and 4.5 million shares of convertible preferred stock to The Orchard's shareholders.

After the deal closes, The Orchard will own about 60% of the voting shares in the combined entity, which will control digital distribution of over 1 million music recordings and over 4,000 hours of video content.

Sacramento, Calif.-based DMGI chief financial officer and interim CEO Karen Davis recently announced her resignation, and was replaced by interim CEO Barth Ballard, formerly the company's vice president of operations and marketing.

The company set the shareholder vote on the merger for Nov. 13.

Related Links:
http://tinyurl.com/2djl5l

http://www.dmgi.com

http://www.theorchard.com