FOR IMMEDIATE RELEASE
KOCH EXPANDS DEAL WITH EQUITY MUSIC GROUP
(Port Washington, New York) October 24, 2007 – KOCH Entertainment Distribution announced today that it has expanded its distribution agreement with Equity Music Group by signing an exclusive digital distribution deal. This new agreement now makes KOCH the exclusive physical and digital distributor for the label’s complete catalog and forthcoming releases in North America. KOCH obtained distribution of the Equity Music Group’s physical catalog when it acquired Navarre Entertainment Media, Inc. in May of 2007.
The Equity Music Group was founded in Nashville in 2003 by country music superstar Clint Black and label veteran Mike Kraski, who shared the vision of creating a partnership between label and artist. This mission statement served the partners well as they built a label that was last year named Independent Label of the Year by Billboard Magazine. In addition to Black, the label is home to platinum plus selling act Little Big Town, as well as rising artists Carolina Rain and Laura Bryna. Noted songwriter and recording artist Carolyn Dawn Johnson recently signed with Equity, as did hit maker Mark Wills.
Michael Rosenberg, President of KOCH Entertainment Distribution comments, “Equity has built one of the most viable independent labels around today. We’ve had amazing success with their stellar catalog and roster of new artists and we will now have the opportunity to mirror this success in the digital arena.”
"When we established the Equity Music Group more than four years ago, we were determined to create a strong, competitive record label," said Mike Kraski, President of the company. "With that goal in mind, we knew we had to align ourselves with a like-minded distributor, and we found that with Navarre. When KOCH bought Navarre earlier this year, we had no doubt that this team had the same approach to business-- to be successful. They have already proven themselves with our new release from Kevin Fowler, and the soon to be released second album from Little Big Town. We feel so strongly about this relationship, we recently signed a deal giving KOCH exclusive distribution rights to the label's digital downloads. With this latest development in Equity's relationship with KOCH, I expect the same success we have experienced all along."
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KOCH Entertainment, founded in 1987 and now in its twentieth year, is the leading and fastest-growing independent music company in the U.S. KOCH's operations encompass record and video labels as well as distribution companies in the U.S. and Canada. KOCH Entertainment is the market leader among independent labels and distributors in both the U.S. and Canada and its record label KOCH Records had the largest number of Billboard charting albums among independents for six years in a row (2001 – 2006). KOCH Entertainment is owned by Entertainment One Ltd. which is listed on the London Stock Exchange’s AIM market (ticker symbol “ETO”).
For more information, please contact James Scileppi at (516) 484-1000 Ext. 243 or email james.scileppi@kochent.com.