Sony U.K. Buys Out Essential Music & Marketing; Launches RED Essential
March 2, 2016 at 3:36 PM (PT)
SONY MUSIC U.K. has fully acquired ESSENTIAL MUSIC & MARKETING, one of EUROPE’s best-known independent label and artist services companies, which will merge with its own SONY RED in the U.K to create a new business, RED ESSENTIAL, MUSIC BUSINESS WORLDWIDE reports.
ESSENTIAL head MIKE CHADWICK will become Co-MD of RED ESSENTIAL alongside IAN DUTT, the latter who was named MD of SONY RED UK in 2013.
Before SONY’s acquisition, ESSENTIAL was part of the COOKING VINYL GROUP. The COOKING VINYL label will remain 100% independent, but now be serviced by RED ESSENTIAL as a key partner.