Sony Music Completes Agreement to Fully Acquire The Orchard
March 19, 2015
New York, NY - Sony Music Entertainment today announced that it has entered into an agreement with Dimensional Associates, LLC to acquire the remaining interest in The Orchard, the global independent music, video and film distribution company. The Orchard will continue to operate separately from Sony Music and will be led by its existing executive team, said Sony.
According to Sony, completion of the deal to fully acquire The Orchard is "aligned with Sony Corp.’s recently announced strategy identifying Sony Music as one of its growth businesses. Sony plans to invest in and implement a variety of measures to promote growth across its entertainment businesses, including music." Read the full Sony Music news release here.
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