Interscope Geffen A&M announced Monday that it will acquire the remaining 50% share of the A&M/Octone joint venture from Octone Records. Formed in 2007, the joint venture was scheduled to conclude in mid-2014.
Octone's year-to-date album plus track equivalent albums (TEA) market share as of Sept. 29 was 0.58%. That's down from the 0.73% the company posted last year for the corresponding nine-month period.
The label’s roster includes Maroon 5, K'Naan, Flyleaf, Hollywood Undead, Hunter Hunted, the Knocks, Churchill, Bombay Bicycle Club, Drop City Yacht Club, Kat Graham and We Are Twin.