The group -- which pressed 900,000-plus pieces of vinyl in 2022 alone -- is acquiring most of Furnace Record Pressing in Virginia.
The digital market accounted for 86% of revenue in the country last year, while vinyl continued to surge despite an overall downward trend in physical media.
Possible buyers also include BET partner and producer Tyler Perry, as well as Weather Channel owner Byron Allen.
A full guide to everything Billboard at this year's festival, from panels to concerts featuring Feid, Lil Yachty, Kx5 and more.
Jessen, who oversaw the Billboard country charts for two decades, was announced March 13 as a 2023 inductee.
The music industry executive and attorney will lead Belmont's entertainment business programs.
Largent's career brought him from KROQ to MTV's 120 Minutes before he became senior vp of A&R at Island Def Jam.
The American video-sharing social network allows users to easily migrate their other video sharing accounts through a simple online portal as their ubiquitous competitor faces heavy scrutiny on Capitol Hill.
Also this week: Seeker Music boards a chief rights & royalties officer, Republic Records names a vp of marketing strategy and more.
UTA will host the inaugural conference that focuses on how entertainment's influence can elevate mental health.
