Universal Music Invests in Digital Distributor INgrooves

Authored by Mark Hefflinger on April 1, 2008 - 7:10am.

Los Angeles - Universal Music Group announced on Tuesday that it has made a strategic investment in digital music distributor INgrooves, and will partner with the company to distribute music. San Francisco-based INgrooves recently served as the exclusive digital distributor for Dolly Parton's "Backwoods Barbie" album, and also provides distribution and marketing services for partners including ESL Music, VP Records and Stones Throw Records.

Financial details of the investment were not disclosed.

INgrooves will work directly with Universal Music Group Distribution and Fontana, the company's independent distribution subsidiary.

"After much research, we identified INgrooves as the most successful and comprehensive second generation digital distribution company in the market," said Jim Urie, president and CEO of Universal Music Group Distribution.

"Through this venture, we will provide our partners with access to the only flexible digital distribution system that allows for innovative structures to maximize their freedom, the connection of the artists' music to fans, and sales."

 

Related Links:
http://snipurl.com/236o7

http://www.umusic.com

http://www.ingrooves.com



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