Sony Music Acquires Alamo Records

• Sony Music Entertainment (SME) announced it has acquired a majority stake in Alamo Records, the New York-based multi-genre label founded by music industry entrepreneur Todd Moscowitz focused on the discovery and development of next-generation talent.

Under the terms of the agreement, Alamo, including its existing roster and catalog, will become a new frontline creative center within SME. The Company will continue to sign, develop and market its own roster of artists under the leadership of Moscowitz as CEO. Before launching Alamo in 2016, Moscowitz co-founded the independent record label 300 Entertainment and has previously served as CEO of Warner Bros. Records, President of Asylum Records, and held multiple leadership roles for Def Jam Recordings.

In making the announcement, Rob Stringer, Chairman, Sony Music Group said, “We are very excited to bring Todd and his label, Alamo, to our company. He has always been a visionary in an area of music that is now front and center of pop culture globally so we are delighted to add his experience and expertise to our creative strategy. We welcome him, his artists and his team to Sony Music and will provide all the partnership he needs to take the label to even greater heights.”

Since its founding, Alamo has already brought numerous up-and-coming artists to the forefront, including Blackbear, Lil Durk and Rod Wave. Lil Durk and Rod Wave have each scored their first No. 1 albums on the Billboard 200 this year with Lil Durk’s The Voice of the Heroes and Rod Wave’s SoulFly.

Moscowitz said, “I decided to partner with Sony Music because Rob and the team showed their deep understanding of entrepreneurship. Being competitive in this marketplace requires being fluid, fast and innovative and I have tremendous confidence that Alamo and our artists will get the support from Sony Music to take our entire company to the next level.”