One of the music business’s hottest distributors has been wolfed up.
CD Baby father or mother AVL Holdings have simply been acquired for roughly $200 million. The purchaser, Downtown Music Holdings, wolfed the distributor and numerous related properties, together with these traversing bodily merchandise, books, and extra.
The NY-based Downtown Music Holdings is the father or mother to each Downtown Music Publishing and Songtrust. The buyout additionally covers ALV-owned divisions AdRev, DashGo and Soundrop, a part of a gradual clip of mega-acquisitions within the indie distribution, publishing, and royalty accounting sectors.
CD Baby CEO Tracy Maddux, primarily based in Portland, will oversee the Downtown-owned AVL unit.
The buyout follows a rising arc for CD Baby. The distributor has not too long ago been given high accolades by each Spotify and Apple Music, clearly two vital endpoints for the distributor.