CD Baby Parent Company AVL Digital Group Sold

cd baby

AVL Digital Group -- the parent company of CD Baby, Disc Makers and other self-publishing platforms -- has been sold to Stephens Capital Partners, a private equity group based in Little Rock, Arkansas, Billboard.biz has learned.
 
Stephens Capital Partners acquired the 60% ownership share of AVL Digital Group New York-based Corinthian Capital had purchased in 2006, according to a source close to the deal. The deal closed on December 28 and is expected to be announced later today.

Alliance to Distribute CD Baby Catalog

AVL Digital Group also includes artist-focused web hosting provider WebBaby, author-focused BookBaby and DVD manufacturer Oasis Disc Manufacturing. Portland-based CD Baby was acquired by Disc Makers in 2008 for $22 million. Stephens Capital Partners intends to leave AVL Digital Group companies in place, the source says.
 
The new owners get a collection of companies that capitalize on the growth in digital self-publishing. Digital distribution, sync licensing, social commerce and direct-to-fan sales channels give independent artists a chance to make money in ways that weren't possible just a few years ago.
 
While digital channels provide growth opportunities, the company's physical business has been stable, the source says. "Believe it or not, artists still need discs."

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