Sony Music Acquires Todd Moscowitz’s Alamo Records

Sony Music Entertainment has acquired a majority stake Todd Moscowitz’s Alamo Records. Alamo, which had initially been distributed through Universal Music Group’s Interscope Records, will become a new frontline label under the Sony umbrella, according to the announcement. Terms of the deal were not disclosed, though one source puts the company's valuation at $250 million. (Subscription required to read the full article.)

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