Glassnote has extended its distribution deal with RED, the Sony Music Entertainment-owned independent distributor that the label has been with since it issued its second release.
Terms of the deal weren't disclosed.
"They have great records coming up, like the one coming from Phoenix, and we will continue working the great records that are active now," RED president Bob Morelli says.
Mumford & Sons, boosted by the Grammys, landed back on top of the Billboard 200 last week with scans of almost 185,000 units for “Babel” -- its second highest weekly sales total since the album’s debut week. So far, that title has scanned 1.92 million units.
Meanwhile, Phoenix's last album, "Wolfgang Amadeus Phoenix” (2009), has scanned 706,000 units. The band’s next release, "Bankrupt!," is due April 23.
When it became known that Glassnote's deal was coming up at the end of February, the label was highly sought by other distributors looking to land a deal. Last year, Glassnote had a market share of .62% in album plus track-equivalent ones. So far, this year its market share is 1.2%.
RED's market share for albums plus TEA, meanwhile, stands at 4.9% so far this year, after finishing 2012 with 4.3% in market share.