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?
After UMG's $500 million copyright infringement lawsuit against Believe, Billboard explores what serious distributor reform would look like — and if it is a good idea.
Also: Slipstream acquires Anthem Entertainment's production music businesses, Reactional Music strikes a licensing deal with classical music giant Naxos and more.
A current employee at the distributor says that the 37 employees worked in their Quality Control and Artist Relations departments.
It's increasingly challenging for some distributors to win seven-figure bidding wars for artists, according to a pitch deck from the distributor Stem.
The Rock & Roll Hall of Famers recently acquired their catalog from the production company they signed with in 1964.
Arjona's entire catalog, plus new works, will be distributed by Interscope Capitol Labels Group via his own Metamorfosis label.
