{"id":98164,"date":"2021-01-22T18:44:08","date_gmt":"2021-01-22T18:44:08","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&p=98164"},"modified":"2021-01-22T18:46:00","modified_gmt":"2021-01-22T18:46:00","slug":"the-orchard","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/sony\/sony-music-group\/sony-music-entertainment\/the-orchard\/","title":{"rendered":"The Orchard"},"content":{"rendered":"

The Orchard is a distribution and services company that partners with independent labels and artists.<\/p>\n

A subsidiary of Sony Music Entertainment, The Orchard is led by CEO Brad Navin.<\/p>\n

The Orchard’s clients include \/ have included the likes of Ozuna, Kelsea Ballerini,\u00a0Jorja Smith, T-Pain,\u00a0BTS, 21 Savage and Flipp Dinero.<\/p>\n

The company is headquartered in New York, and operates across more than 40 countries worldwide.<\/p>\n

The Orchard was founded as a digital entertainment distribution company in 1997 by Scott Cohen and Richard Gottehrer.<\/p>\n

\n
Sony Music acquisition of The Orchard<\/h6>\n

Sony Music acquired a 51% stake in The Orchard in 2012, in a deal that is reported<\/a> to have cost between $50 and $55 million in a combination of cash and equity.<\/p>\n

The equity part of the deal saw Sony merge rival independent distribution company IODA into The Orchard.<\/p>\n

In March 2015, it was confirmed that Sony Music had fully acquired<\/a> the Orchard, buying the half of the company it didn’t already own in a $200 million deal.<\/p>\n

According to an SEC filing, Sony entered into an agreement to acquire all the remaining shares in the business in a $200m (\u20ac136m) deal with current stakeholder Orchard Asset Holdings, LLC.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Orchard was fully acquired by Sony Music in 2015 in a $200 million deal<\/p>\n","protected":false},"featured_media":31404,"parent":83824,"menu_order":0,"template":"","class_list":["post-98164","companies","type-companies","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/companies"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98164\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/83824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/31404"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=98164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}