Sony Music Entertainment Announces Digital Distribution Agreement with Wind-up Records
Sony Corporation of America - 01/13/2009
Sony Music Entertainment and Wind-up Records have expanded their exclusive distribution agreement to include digital rights, it was announced today by Thomas Hesse, President, Global Digital Business, U.S. Sales, and Corporate Strategy, Sony Music Entertainment and Ed Vetri, President, Wind-up Records.
Under the terms of this multi-year agreement, Sony Music Entertainment will deliver digital content from Wind-up's extensive artist roster across all commercial channels and on a variety of digital platforms, including online and mobile.
"We are thrilled to announce the extension of our long-term agreement with Wind-up Records. Over the years, Wind-up has successfully discovered, introduced and established many of today's most popular artists and in doing so, it has earned a reputation as one of the most respected labels in the industry," commented Mr. Hesse. "We look forward to further building Wind-up's presence in the digital space with this next phase of our evolving partnership."
Mr. Vetri added, "Sony Music Entertainment is a leader in digital sales and distribution services, and we are excited about the enormous opportunity this key partnership provides for our artists, and the value it adds to our business, as we capitalize on the strength and scope of their vast distribution network."
About Wind-up Entertainment
Wind-up Entertainment Inc. is a privately owned company that was founded in March 1997. Wind-up Records, a subsidiary of Wind-up Entertainment is currently the largest independently owned and operated label in the United States. Wind-up Entertainment Canada Inc., Wind-up Nashville, and expansion across Europe reflect the growing global presence for the label and development of the company's repertoire to encompass most genres. The label's roster features Evanescence, Seether, Finger Eleven, the entire Creed repertoire, and more than a dozen developing artists which include Thriving Ivory, Civil Twilight, Pilot Speed and others. Wind-up Entertainment also houses the publishing concerns Sakyamuni Music Publishing, LLC, Bodhi Music Publishing, LLC and Renfield Music Publishing, Inc., as well as Pronto Merch, LLC, a full-scale retail, on-line and tour merchandising company. Wind-up Entertainment also operates Wind-up Artist Development Corporation and Wind-up Touring, LLC.
About Sony Music Entertainment
Sony Music Entertainment is a global recorded music company with a roster of current artists that includes a broad array of both local artists and international superstars, as well as a vast catalog that comprises some of the most important recordings in history. Sony Music Entertainment is a wholly owned subsidiary of Sony Corporation of America.
First Call Analyst:
SOURCE: Sony Music Entertainment
CONTACT: Steve Karas of Wind-up Entertainment, +1-212-895-3140; or
Claire von Schilling of Sony Music Entertainment, +1-212-833-8082