Sony takes stake in IODA
Sony Music Entertainment has taken an undisclosed stake in digital distributor, and plans to integrate parts of the latter’s platform with its RED distribution subsidiary. Sony says the deal shows its commitment to expanding its services to indie labels. “Sony Music is committed to offering independent labels and distributors the most compelling package of distribution services in the industry,” says Sony’s Thomas Hesse.
Tags: IODA, Sony, Thomas Hesse
