Warner Music México and Orfeón Videovox have signed a global digital distribution alliance that will encompass Discos Orfeón's entire musical catalog, Billboard has learned.
According to a statement, the signing of the contract took place after "several" months of negotiations in Mexico City with the partnership set to go live April 2022. It's the first time Orfeón, part of Grupo Fórmula, which was founded by Rogerio Azcárraga Madero in 1958, teams up with another label to help distribute their recordings globally and digitally.
"Each of the signatory companies maintains its corporate and financial independence to work together in a better and efficient distribution of the catalogs in the new digital environment," Edmundo Monroy, Grupo Fórmula and Discos Orfeón's CEO, said in a statement. "This agreement represents a significant step ahead since, without intermediaries, the rights holders will directly benefit: artists, performers, authors and producers of Orfeón - Warner phonograms participating."