Ingrooves: Difference between revisions
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| key_people = Bob Roback (CEO), Jay Blomquist (CTO), Jeffrey Cuatto (CFO), SK Sharma (CAO) |
| key_people = Bob Roback (CEO), Jay Blomquist (CTO), Jeffrey Cuatto (CFO), SK Sharma (CAO) |
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| revenue = |
| revenue = |
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| num_employees = |
| num_employees = 650 |
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| parent = [[Universal Music Group]] |
| parent = [[Universal Music Group]] |
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| homepage = {{url|Ingrooves.com}}| |
| homepage = {{url|Ingrooves.com}}| |
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In 2012, the company launched an Artist Services division, INresidence, a project-based service for established artists and emerging artists releasing music independently.<ref name=InresidenceChicagoTrib>{{cite news|last1=Morris|first1=Chris|title=INgrooves Fontana launches marketing arm: Kate Nash to inaugurate indie distrib's new venture|url=http://articles.chicagotribune.com/2012-11-19/entertainment/sns-201211191454reedbusivarietynvr1118062386-20121119_1_kate-nash-senior-vp-indie|access-date=12 March 2015|publisher=Chicago Tribune|date=November 19, 2012}}</ref><ref name="artist services music week">{{cite news|last1=Pakinkas|first1=Tom|title=Ingrooves Fontana launches Artist Services division|url=http://www.musicweek.com/news/read/ingrooves-fontana-launches-artist-services-division/052601|access-date=12 March 2015|publisher=Music Week|date=November 19, 2012}}</ref> They established a Rights Services division dedicated to [[Music publisher (popular music)|music publishing]], [[Synchronization rights|synch licensing]] and [[Related rights|neighboring rights]] in 2013.<ref name=Christman /> |
In 2012, the company launched an Artist Services division, INresidence, a project-based service for established artists and emerging artists releasing music independently.<ref name=InresidenceChicagoTrib>{{cite news|last1=Morris|first1=Chris|title=INgrooves Fontana launches marketing arm: Kate Nash to inaugurate indie distrib's new venture|url=http://articles.chicagotribune.com/2012-11-19/entertainment/sns-201211191454reedbusivarietynvr1118062386-20121119_1_kate-nash-senior-vp-indie|access-date=12 March 2015|publisher=Chicago Tribune|date=November 19, 2012}}</ref><ref name="artist services music week">{{cite news|last1=Pakinkas|first1=Tom|title=Ingrooves Fontana launches Artist Services division|url=http://www.musicweek.com/news/read/ingrooves-fontana-launches-artist-services-division/052601|access-date=12 March 2015|publisher=Music Week|date=November 19, 2012}}</ref> They established a Rights Services division dedicated to [[Music publisher (popular music)|music publishing]], [[Synchronization rights|synch licensing]] and [[Related rights|neighboring rights]] in 2013.<ref name=Christman /> |
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As of 2017, Ingrooves operated offices in [[San Francisco]], [[Los Angeles]], [[New York City|New York]], [[London]], [[Berlin]] and [[Melbourne]].<ref>{{cite news|last1=Dolby|first1=Jerry|title=Wiz Khalifa's Taylor Gang Records taps INgrooves Music Group for distribution|url=http://www.axs.com/news/wiz-khalifa-s-taylor-gang-records-taps-ingrooves-music-group-for-distr-35811|access-date=12 March 2015|publisher=AXS|date=August 18, 2014}}</ref> In February 2017, Ingrooves partnered with Onelove Music Group and its artists.<ref>{{Cite web|url=http://www.completemusicupdate.com/article/ingrooves-partners-with-onelove-music-group/|title=Ingrooves partners with Onelove Music Group {{!}} Complete Music Update|website=Completemusicupdate.com|access-date=2017-11-08}}</ref> |
As of 2017, Ingrooves operated offices in [[San Francisco]], [[Los Angeles]], [[New York City|New York]], [[London]], [[Berlin]] and [[Melbourne]].<ref>{{cite news|last1=Dolby|first1=Jerry|title=Wiz Khalifa's Taylor Gang Records taps INgrooves Music Group for distribution|url=http://www.axs.com/news/wiz-khalifa-s-taylor-gang-records-taps-ingrooves-music-group-for-distr-35811|access-date=12 March 2015|publisher=AXS|date=August 18, 2014}}</ref> In February 2017, Ingrooves partnered with Onelove Music Group and its artists.<ref>{{Cite web|url=http://www.completemusicupdate.com/article/ingrooves-partners-with-onelove-music-group/|title=Ingrooves partners with Onelove Music Group {{!}} Complete Music Update|website=Completemusicupdate.com|access-date=2017-11-08}}</ref>. In February 2018, Ingrooves signed a distribution deal with Talento Uno.<ref>{{Cite news|url=https://www.musicbusinessworldwide.com/ingrooves-signs-distribution-deal-latin-music-startup-talento-uno/|title=Ingrooves signs distribution deal with Latin music startup Talento Uno - Music Business Worldwide|date=2018-02-01|work=Music Business Worldwide|access-date=2018-10-19|language=en-US}}</ref><ref>{{Cite magazine|url=https://www.billboard.com/articles/business/8097577/ingrooves-talento-uno-distribution-deal|title=INgrooves, Talento Uno Strike Distribution Deal|magazine=Billboard|access-date=2018-10-19}}</ref> |
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In March 2018, [[Shamrock Holdings|Shamrock Capital]] began seeking offers for Ingrooves, around approximately $100 million to sell.<ref>{{Cite magazine|url=https://www.billboard.com/articles/business/8257467/ingrooves-for-sale-100-million-price|title=INgrooves Up For Sale With $100M Price Tag: Sources|magazine=Billboard}}</ref> On February 12, 2019, [[Universal Music Group]] acquired the remaining shares of the company.<ref>{{cite magazine |last1=Christman |first1=Ed |title=Universal Music to Acquire Distributor Ingrooves in Move to Strengthen Commitment to Indie Labels'|magazine=[[Billboard (magazine)|Billboard]] | url=https://www.billboard.com/articles/business/8498067/universal-music-group-ingrooves-acquisition-indie-distributor-umg |access-date=February 12, 2019}}</ref> |
In March 2018, [[Shamrock Holdings|Shamrock Capital]] began seeking offers for Ingrooves, around approximately $100 million to sell.<ref>{{Cite magazine|url=https://www.billboard.com/articles/business/8257467/ingrooves-for-sale-100-million-price|title=INgrooves Up For Sale With $100M Price Tag: Sources|magazine=Billboard}}</ref> On February 12, 2019, [[Universal Music Group]] acquired the remaining shares of the company.<ref>{{cite magazine |last1=Christman |first1=Ed |title=Universal Music to Acquire Distributor Ingrooves in Move to Strengthen Commitment to Indie Labels'|magazine=[[Billboard (magazine)|Billboard]] | url=https://www.billboard.com/articles/business/8498067/universal-music-group-ingrooves-acquisition-indie-distributor-umg |access-date=February 12, 2019}}</ref> |
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Revision as of 13:44, 7 March 2022
| Company type | Music distribution, analytics, and rights services |
|---|---|
| Founded | 2002 |
| Founder | Robb McDaniels, Matt Burns, Adam Hiles |
| Headquarters | Los Angeles, California |
Key people | Bob Roback (CEO), Jay Blomquist (CTO), Jeffrey Cuatto (CFO), SK Sharma (CAO) |
Number of employees | 650 |
| Parent | Universal Music Group |
| Website | ingrooves |
Ingrooves Music Group is a global independent music marketing service and distribution company which provides custom services for artists and independent record labels, owned by Universal Music Group. The company's three divisions include distribution services, rights management services, rights removal, and artist services. They utilize a proprietary distribution systems and maintain a focuses on analytics and reporting technologies.[1][2][3]
The company was founded in San Francisco in 2002. As of 2015, the Ingrooves retail network included more than 600 services and storefronts.[4][5]
In 2008, Universal Music Group (UMG) selected Ingrooves's parent company, Isolation Network Inc., to digitally distribute all of its music in North America. In 2010, Shamrock Capital—an investment fund founded by Roy E. Disney—made a significant investment in the company, which allowed Ingrooves to acquire Fontana Distribution in 2012. Ingrooves subsequently expanded its services to include physical distribution.[3][6][7]
In 2012, the company launched an Artist Services division, INresidence, a project-based service for established artists and emerging artists releasing music independently.[8][9] They established a Rights Services division dedicated to music publishing, synch licensing and neighboring rights in 2013.[2]
As of 2017, Ingrooves operated offices in San Francisco, Los Angeles, New York, London, Berlin and Melbourne.[10] In February 2017, Ingrooves partnered with Onelove Music Group and its artists.[11]. In February 2018, Ingrooves signed a distribution deal with Talento Uno.[12][13]
In March 2018, Shamrock Capital began seeking offers for Ingrooves, around approximately $100 million to sell.[14] On February 12, 2019, Universal Music Group acquired the remaining shares of the company.[15]
In January 2022, INgrooves acquired the Icelandic record label Alda Music, which owned the rights to nearly 80 percent of all music released in Iceland.[16]
References
- ^ Greenberg, Zack O' Malley (May 7, 2012). "Ingrooves: Proof You Can Make Money On Music, Even If You're Not Apple". Forbes. Retrieved 12 March 2015.
- ^ a b Christman, Ed (July 19, 2013). "INgrooves Launches Music Publishing Services Company, Olivier Chastan To Run (Exclusive)". Billboard. Retrieved 12 March 2015.
- ^ a b Morris, Christopher (March 2, 2012). "INgrooves acquires Fontana Distribution". Billboard. Retrieved 12 March 2015.
- ^ Wilson, Lizette (September 6, 2006). "Ingrooves: Virtual record label finds rhythm with indie artists". San Francisco Business Journal. Retrieved 12 March 2015.
- ^ Pham, Alex (March 2, 2012). "INgrooves buys Fontana Distribution from Universal Music Group". Los Angeles Times. Retrieved 12 March 2015.
- ^ Johnson, Greg (September 28, 2005). "Roy Disney Led Fund Buys Globetrotters". Los Angeles Times. Retrieved 12 March 2015.
- ^ Sisario, Ben (March 2, 2012). "Digital Notes: Online Distributor Makes Deal With Universal for Physical Sales". New York Times. Retrieved 12 March 2015.
- ^ Morris, Chris (November 19, 2012). "INgrooves Fontana launches marketing arm: Kate Nash to inaugurate indie distrib's new venture". Chicago Tribune. Retrieved 12 March 2015.
- ^ Pakinkas, Tom (November 19, 2012). "Ingrooves Fontana launches Artist Services division". Music Week. Retrieved 12 March 2015.
- ^ Dolby, Jerry (August 18, 2014). "Wiz Khalifa's Taylor Gang Records taps INgrooves Music Group for distribution". AXS. Retrieved 12 March 2015.
- ^ "Ingrooves partners with Onelove Music Group | Complete Music Update". Completemusicupdate.com. Retrieved 2017-11-08.
- ^ "Ingrooves signs distribution deal with Latin music startup Talento Uno - Music Business Worldwide". Music Business Worldwide. 2018-02-01. Retrieved 2018-10-19.
- ^ "INgrooves, Talento Uno Strike Distribution Deal". Billboard. Retrieved 2018-10-19.
- ^ "INgrooves Up For Sale With $100M Price Tag: Sources". Billboard.
- ^ Christman, Ed. "Universal Music to Acquire Distributor Ingrooves in Move to Strengthen Commitment to Indie Labels'". Billboard. Retrieved February 12, 2019.
- ^ "Ingrooves expands into Iceland with acquisition of label and distributor Alda Music". Music Business Worldwide. 24 January 2022. Retrieved 7 February 2022.
