Online music aggregator the Orchard Enterprises Inc. has completed its merger with Digital Music Group Inc., and the combined company today begins trading on the Nasdaq under the symbol "ORCD."

The enlarged business is operated under the name the Orchard, with current Orchard president and chief executive Greg Scholl at the helm as CEO. The DMGI business is expected to be "rapidly" integrated with the Orchard, and based at the latter company's N.Y. premises, according to a statement.

DMGI's interim CEO Barth Ballard has stepped aside. He will serve in a transition role during the integration of the companies, after which time he will resign from the firm. Richard Rees, until recently interim role as VP of business development, and Tuhin Roy, chief strategy officer of DMGI and president of DMGI's subsidiary Digital Rights Agency, have each tendered their resignation from the company, with immediate effect effective today.

The enlarged company boasts control of a catalog featuring more than one million music recordings, and thousands of hours of television, film and video programming.

"The Orchard and DMGI create a powerful combination in the rapidly growing digital media industry," commented Scholl in a statement. "DMGI adds exciting new artists and record labels to the Orchard's already extensive music catalog, and offers an immediate and significant leadership position in the digital distribution of independently owned TV, film and video content."