Ten years after Sony Music acquired it, "no one has invested more in the independent sector."
The new platform pledges to "redefine independence for the next generation of artists."
Kyncl says the major is not willing to "grow [indie distribution] at all costs" in a talk that also hit on the company's Spotify deal, recent reorganization and tech investments.
ADA will cover global distribution for all new releases from the label’s roster, which includes WILLOW and Four Tet.
Pink Sweat$, Chief Keef, Lil Tjay, Ye and more rely on the platform. "People build loyalty to something that fundamentally just works," says co-founder Greg Hirschhorn.
"I went with my gut," says the reggaetón star, who will release new music soon.
News of the CD Baby layoffs comes just a month after its competitor, Distrokid, placed 37 union employees on "administrative leave."
"We have no idea when payment will be made, which is so unfortunate," says one attorney whose client contributed to Vultures 1.
Also: Live Nation acquires a majority stake in Portugal's MEO Arena, Oasis finds a tour merch partner in WMX and more.
With the pressure on, distributors may need to be more proactive about their role in the spread of fraud moving forward. Will they be?
