Sony Music Entertainment (SME) has announced that it has acquired a majority stake in Alamo Records.
The announcement was made yesterday (June 22) and under the agreement, Alamo Records will become a new frontline creative center within Sony Music Entertainment. Alamo Records will continue to sign, grow and market its roster of artists under the direction of its founder, Todd Moscowitz.
Rob Stringer, Chairman of Sony Music Group, said during the announcement:
We are very excited to bring Todd and his label, Alamo, into our business. He has always been a visionary in a field of music that is now at the center of global pop culture, so we are delighted to add his experience and expertise to our creative strategy. We welcome him, his artists and his team to Sony Music and will provide all the partnership he needs to take the label even higher.
Speaking on why he decided to partner with Sony Music Entertainment, Alamo Records CEO Todd Moscowitz said:
I decided to partner with Sony Music because Rob and the team showed their deep understanding of entrepreneurship. Competing in this market requires being smooth, fast and innovative and I have great confidence that Alamo and our artists will have the support of Sony Music to take our entire business to the next level.
Todd Moscowitz is a renowned music director, successful artist manager and proven hitmaker. He has worked with music stars like Common, Young Thug, Fetty Wap and Gucci Mane.
Alamo Records was founded in 2016. The record label has brought many up-and-coming artists to the fore, including Blackbear, Lil Durk, and Rod Wave.