The increasingly acquisitive Exceleration Music - which has been busy buying labels and catalogues - has moved into music distribution and label services by buying itself US-based Redeye.
The deal will result in the creation of a new services division within Exceleration Music which will use the Redeye brand and will be headed up by the distributor’s founders Glenn Dicker and Tor Hansen, who also become shareholders in the Exceleration Music company.
Redeye's clients including Beggars Group, Domino, New West, Saddle Creek, Mom+Pop, Warp, !K7 and Thrill Jockey. The deal also covers Redeye's in-house labels Yep Roc and Sundazed, and its music publishing company Riff City Sounds.
Confirming the acquisition, Exceleration Music partner Glen Barros says: “The addition of Redeye, Yep Roc, Sundazed and Riff City Sounds represents an important expansion of Exceleration’s overall strategy to strengthen the independent community".
“Redeye already provides a great service to an impressive set of first-rate indie labels looking for a distributor that can service both physical and digital channels on a global basis", he adds. "Together with Glenn, Tor and the Redeye team, we plan to expand Redeye’s already impressive network and to collectively help our current and future label partners to truly thrive".
Dicker adds: “Working with the Exceleration team feels like expanding the family. Sharing strong ideals and a strategic vision, it feels like the next natural step on our journey towards providing our world class distribution service to an expanded independent community".
