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Business News Deals Labels & Publishers
Sony acquires majority stake in Alamo Records
By Andy Malt | Published on Wednesday 23 June 2021
Sony Music has acquired a majority stake in Todd Moscowitz’s Alamo Records. As part of the deal, Alamo will become an imprint of the major record company.
“We are very excited to bring Todd and his label, Alamo, to our company”, says Sony Music boss Rob Stringer. “He has always been a visionary in an area of music that is now front and centre of pop culture globally, so we are delighted to add his experience and expertise to our creative strategy. We welcome him, his artists and his team to Sony Music and will provide all the partnership he needs to take the label to even greater heights”.
Moscowitz adds: “I decided to partner with Sony Music because Rob and the team showed their deep understanding of entrepreneurship. Being competitive in this marketplace requires being fluid, fast and innovative and I have tremendous confidence that Alamo and our artists will get the support from Sony Music to take our entire company to the next level”.
Founded in 2016, Alamo has worked with artists including Blackbear, Lil Durk and Rod Wave, the latter two of whom have both had US number one albums this year.
