Koch Entertainment Buys Navarre For $6.5 Million
Koch Entertainment, an Independent label and distributor, has purchased the music distribution assets of Navarre Corporation for $6.5 million. Navarre is a publisher and distributor of a wide range of entertainment and media products, including CDs, DVDs, PC software, and video games. Navarre has now shed what it believes is dead weight, the troubled independent music distribution sector. “The sale of Navarre Entertainment Media...
Rick Rubin Joins Columbia
Rick Rubin has officially joined Columbia Records. The label released a statement divulging that Rubin would “form a dynamic and creative executive partnership” with Columbia chairman Steve Barnett, under a new model devised by Sony Music’s CEO Rob Stringer. There are no initial details on what Rubin’s exact role at the label will be or where he will be based. The announcement follows a period of protracted...
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