San Francisco-based digital technology firm Independent Online Distribution Alliance (IODA) said today (Sept. 20) that it has signed a "Letter of Intent" to acquire pan-European digital music distribu
San Francisco-based digital technology firm Independent Online Distribution Alliance (IODA) said today (Sept. 20) that it has signed a "Letter of Intent" to acquire pan-European digital music distributor Uploader. Terms of the deal, unveiled at the Popkomm trade fair in Berlin, were not disclosed.
Following the transaction, IODA will assume all London-based Uploader's business operations. It adds to its library Uploader's roster of 50,000-plus tracks, including works from Ben Lee, Buzzcocks, Dead Kennedys, Echo & the Bunnymen, Emperor, Fats Domino and Gary Numan.
According to a statement issued today from IODA, Uploader's repertoire is licensed from 150 labels, including Cherry Red Records, Candlelight Records, Cooking Vinyl, President, Megabop, and Silva Screen Records
"This is an unbeatable marriage of the best technology infrastructure (IODA) and the most experienced music distribution team (Uploader) in this space," comments Uploader chairman Martin Goldschmidt, who is also owner and operator of British indie Cooking Vinyl. Goldschmidt founded the company in 2005, and is its largest shareholder with an unspecified stake. "The combination of America and Europe is a winner for labels."
Uploader managing director Pete Dodge oversees the firm's day-to-day operations alongside technical director Darren Mothersele.
Dodge, Mothersele, and other "key staff" will stay on as full-time employees with the enlarged company, according to IODA. Goldschmidt and Chadwick will continue to serve the firm in advisory roles.
The Uploader team, says IODA, will form the basis of the firm's European presence, which will be based in London. Plans are to expand the company's operations into Germany and France in the near future.