Sony Music Entertainment has acquired a controlling stake in Alamo Records.
Under the agreement, Alamo Records and its existing roster and catalog will become a frontline creative hub within SMEs. The company will continue to sign, develop and market its own roster of signed artists under the former management.
New York-based Alamo Records was founded in 2016 by Todd Moscowitz and focused on signing next-gen talent. The label has signed Blackbear, Lil Durk and Rod Wave – artists who are redefining the hip-hop and pop genres.
âI decided to partner with Sony Music because Rob and the team showed their deep understanding of entrepreneurship. Being competitive in this market requires being fluid, fast and innovative and I have great confidence that Alamo and our artists will get the support of Sony Music to take our whole business to the next level â, said Moscowitz, Founder and CEO of Alamo Records.
Rob Stringer, President of Sony Music Group, said, âWe are very pleased to welcome Todd and his label, Alamo, to our company. He has always been a visionary in a field of music that is now at the forefront of pop culture globally, so we are excited to add his experience and expertise to our creative strategy. We welcome him, his artists and his team to Sony Music and we will provide whatever partnership he needs to take the label even higher. “
Prior to founding Alamo Records, Moscowitz co-founded the independent label 300 Entertainment. Previously, he was also CEO of Warner Bros. Records, President of Asylum Records and has held several executive positions for Def Jam Recordings.
Alamo artists Lil Durk and Rod Wave both scored their No. 1 debut album on the Billboard Top 200 this year. Lil Durk has just released a new collaborative album with Lil Baby, The Voice of the Heroes. This duo also announced the Back Outside tour later this year. The dates for this tour start September 1 and include stops at arenas across the United States through October 15.
Meanwhile, rapper Rod Wave is going to play the Tuscaloosa Amphitheater on August 31. Rod Wave enjoyed viral success on YouTube and TikTok in 2019 with his single “Heart on Ice”. Tickets for this event went on sale Friday, June 18 through Ticketmaster.