Spinnin’ Records could be sold to Sony or Warner
Spinnin’ Records is the next independent music label to be acquired by record company giants, according to a report on Music Business Worldwide.
Over the past few years companies like Sony and BMG have been buying independent music labels all over the place.
Here’s a list of some of their acquisitions:
-In 2015 Sony bought the German metal label/distributor Century Media for around $17 million.
-In 2016 Sony acquired UK distributor Essential Music & Media for 3.7 million Pounds.
-Sony also bought legendary dance label Ministry of Sound for a casual 67 million Pounds.
-In December the Nashville label group Broken Bow was sought out by all majors but BMG claimed their prize for over $100 million.
This seems to be the trend in the music business side of things.
Now that streaming is the new cash cow, it seems like these majors are back to doing what they do best – playing monopoly.
My head is Spinnin’
Spinnin’ Records is a colossal Dutch electronic music label. In fact they are possibly the biggest independent dance music label.
Founded in 1999 by Eelko van Kooten and Roger de Graaf, Spinnin’ Records is based in Hilversum, Netherlands.
They have released music from the likes of Armand van Helden, Martin Solveig, Fedde le Grand and Tiësto and many, many more.
Their most prominent artist, Martin Garrix, parted ways with Spinnin’ Records to sign a worldwide deal with Sony. That must have to hurt!
Spinnin’ Records doesn’t only have great artists; they have something high of value. Their YouTube account has over 17.1 million subscribers! It is the 24th biggest YouTube channel in terms of subscribers.
Sony and Warner, as well as private equity organizations, are all contending to snatch up this Dutch diamond, claims Music Business Worldwide.
The price tag of this Dutch diamond is in the area of $100 million.
There’s a certain authenticity with regards to music from independent imprints that I hope these labels don’t lose once procured by a major label.
Spinnin’ Records, may you forever spin those beats!