Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow. Sony Music is buying Kobalt's label and distribution arm Awal, and its neighbouring rights division. After the initial announcement, the price paid was confirmed as $430m. Stu and Joe analyse the purchase, including what the knock-on effect is on the remaining indie distributors, and speculate on what new activity the distribution space might see as competition to win over artists hots up.
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