Warner Music Group is acquiring the B2B independent music distribution service Revelator, the company announced on Wednesday, the latest affirmation of the hot market for distributors as music companies are looking to capitalize on the indie market.
Neither Revalator nor WMG shared financial details of the sale, though they said the deal is expected to close next financial quarter.
“The combination of Revelator’s leading-edge technology and array of premier services with our global infrastructure will turbocharge our joint mission to support more labels and artists around the world,” WMG CEO Robert Kyncl said in a statement. “I’m very pleased to welcome the Revelator team to the WMG family.”
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As Revelator Founder & CEO Bruno Guez added: “Since launching Revelator in 2012, we’ve striven to make the music industry fairer, simpler, and more transparent by bridging the gap between creativity, technology, and
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