Sony Music Acquires Todd Moscowitz's Alamo Records
Bulletin YOUR DAILY ENTERTAINMENT NEWS UPDATE JUNE 22, 2021 Page 1 of 16 INSIDE Sony Music Acquires • Recording Todd Moscowitz’s Alamo Records Academy Restructures BY DAN RYS Leadership With New Co-Presidents Sony Music Group has acquired a majority Fly in April. Other artists on the label include Smoke- stake ’s Alamo Records, the com- purpp, Comethazine, wifisfuneral, Yung Mal, 03 • Live Shows Are Todd Moscowitz Back, But Delayed panies announced Tuesday (June 22). Alamo, which Greedo, Lil Gotit and more. Federal Grants Are had initially been distributed through Universal Mu- Alamo’s entire catalog and existing roster will also Draining Concert sic Group’s Interscope Records, will become a new be moving over to Sony as part of the deal, while Pipeline frontline label under the Sony umbrella, according to Moscowitz will maintain his title as CEO. UMG/In- • Vivendi Investors the announcement. terscope was a seed partner in Alamo — which, when Approve $40B “I decided to partner with Sony Music because Rob announced, was initially called Cold Heat Records Spinoff of Universal [Stringer] and the team showed their deep under- — and had an option to purchase the label, a source Music Group standing of entrepreneurship,” Moscowitz said in a tells Billboard. But after reaping more than $125 mil- • As Truckers Pump statement. “Being competitive in this marketplace lion from its investment in the venture, UMG passed the Brakes on requires being fluid, fast and innovative and I have on its option to buy it, in part out of concerns over Returning to Touring, tremendous confidence that Alamo and our artists longterm profitability.
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