Portland,
Ore. - CD Baby, an online
retailer of CDs for over 242,000 independent artists, has been acquired by CD
and DVD manufacturer Disc Makers for an undisclosed sum. Founded in 1997, Portland, Ore.-based
CD Baby charges a one-time setup fee of $35 per CD, allows artists to set their
own prices, and retains $4 of every sale while paying artists on a weekly
basis.
The company has to date sold over 4.5 million CDs and paid out over $83 million
directly to artists.
CD Baby added digital distribution services in 2004,
offering to service its artists' music to retailers like iTunes, eMusic and
Rhapsody, and more recently launch a similar service for filmmakers (FilmBaby) and
a Web hosting service for musicians (HostBaby).
Artists who have sold albums on
CD Baby before signing with a major label include Regina Spektor, Jack Johnson
and Gary Jules.
New Jersey-based Audio & Video labs, the parent company of Disc
Makers, intends to retain existing CD Baby staff and facilities.
The companies
had already been working together for the past seven years.
"Disc Makers
was my first choice to take the company to new heights," said CD Baby
founder Derek Sivers, who will continue as a consultant to the company.
"Their
operational expertise is just what little CD Baby needed to grow up."
Related Links:
http://www.playbackstl.com/content/view/7882/234/
http://sivers.org/bye-bye-baby
http://www.discmakers.com
http://www.cdbaby.com
Comments
notes on filmbaby
Film Baby is just one of many websites that rip off artists
Don't believe the hype!
check out the comments on
Fake References, Fake Study
Post new comment