(Los Angeles, CA) INgrooves, one of the world’s leading independent music distribution and marketing services companies, announced today that it has acquired Sovereign Music Services, to provide comprehensive royalty accounting services for label and artist partners. The acquisition gives INgrooves’ partners access to best-in-class royalty accounting and mechanical reporting services. As part of the transaction, Sovereign senior executives Jennifer Cary and Steve Weatherby and their staff will join the INgrooves team.
“In just five short years, Jennifer and Steve have used their expertise in a complex yet essential aspect of the music industry to build one of the most nimble and efficient royalty companies in the world,” said INgrooves CEO Bob Roback. “We are thrilled to be able to immediately offer this strengthened suite of services to label and artist clients, with an eye towards enhancing our industry-leading, integrated technology platform. We are excited to welcome the Sovereign team to INgrooves.”
Established in 2013, and founded by Ms. Cary and Mr. Weatherby, Sovereign Music Services provides its services to a host of music companies, including Ardent Records, DEL Records, Milan Entertainment, Tuff Gong Worldwide and Omnivore Recordings, to name a few. The company’s proprietary royalty accounting platform offers clients efficient and transparent services, including downstream accounting, statements and payments.
“INgrooves has long set the industry standard for efficiency and for embracing the rise of new technology in the music business,” said Ms. Cary. “So naturally, we feel that moving our enterprise over to INgrooves is a huge win for our team and our clients. Our plan is to continue to develop greater efficiencies and new products within our area of expertise, and we are very eager to begin work with the global INgrooves team.”
INgrooves Music Group is a leading global music distribution and marketing company providing labels and artists a powerful technology framework giving them transparent, scalable distribution tools and marketing solutions to maximize sales in today’s dynamic digital music marketplace.
For further information contact:
Charlene Fitzgibbon – email@example.com – (818) 212-2572