Sony, IODA Partner On Digital Music Network
UncategorizedSony Music Entertainment has announced it has entered into a partnership with IODA, a digital distributor of independent music.
As part of the deal Sony has made a strategic investment in IODA. Terms of the deal were not disclosed.
Sony’s own independent distribution subsidiary RED and IODA will build on their existing technologies and increase the scope of sales and promotional opportunities that each currently offers.
“Sony Music is committed to offering independent labels and distributors the most compelling package of distribution services in the industry,” said Thomas Hesse, President, Global Digital Business, U.S. Sales and Corporate Strategy, Sony Music Entertainment.
“IODA has proven it has the expertise and ability to lead the independent market with groundbreaking digital solutions.”
Six year – old IODA has nearly two million songs that are licensed to more than 400 digital storefronts globally. The company also distributes independent film and video for over 2000 titles. IODA’S retail partner network includes major digital music services like iTunes, Amazon MP3 and MySpace Music.
Thursday, July 2nd, 2009 at 5:19 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.