● Company strike global digital services deal with Planet Records’ label roster and distribution service
● Ink more than 40 deals in first year of operation
Milan, 13 June 2019: The Italian office of FUGA, the leading technology and services company for rightsholders, have struck a global digital service deal with independent label and distribution company Planet Records.The deal covers Planet Records’ core roster of Latin American and European acts as well as the many dozens of artists and labels distributed through its Planet Distribution service.
Planet Records Label has released many worldwide multi-platinum hits with stars like Daddy Yankee, Pitbull, Prince Royce, Omega, Gente de Zona, Nicky Jam, Romeo Santos, Osmani Garcia, Raulin Rodriguez, as well as licensing Latin megastar like Aventura and Italian releases for pop and rock icons like Spice Girl Melanie C and Tears for Fears, reaching 19 platinum and 15 gold records certified to date.With operations in Miami, Napoli, La Havana, Milan, New York as well as Colombia and the Dominican Republic, Planet Records Label and its artists have been repeatedly nominated at prestigious global ceremonies such as the Latin Grammy Awards, Billboard Latin Music Award and more. Planet Records’ recognition also extends to YouTube earning three ‘Gold Play Button’ awards surpassing a total of 7.7 million subscribers (3.9 million subscribers of channels related to the label, and 3.8 million more subscribers of channels related to the distribution partners).
FUGA’s industry-renowned technology, which also supplies white-labelling capabilities for Planet Distribution, allows the label to maintain its independent ethos through its inbuilt flexibility so different services can be used for different campaigns as required.This deal marks a major milestone for FUGA’s recently opened division, securing over 40 new clients in their inaugural year of operation. Split between Rome and Milan, their growing success is testament to FUGA’s quick development in the new territories in which they operate, as well as their commitment to enabling exciting opportunities for rightsholders.
Planet Records’ founder Roberto Ferrante said, “We’re very proud to be the latest member of the FUGA family. They are the natural choice to enable total independence for our distribution offering. For signed artists, FUGA’s technology allows us to maintain total control of product, directly from the recording studio to the final listener!”
On the new deal, Managing Director of FUGA Italy, Lorenzo Grignani, commented: “We are really happy to be partnering with Planet Records and it is another exciting step for FUGA Italy as we continue to establish our presence. We pride ourselves on our ability to deliver advanced and innovative solutions for rightsholders which help them successfully nurture their independence and thrive in the streaming era.”
FUGA is the largest full-service B2B music distributor in the world. Mixing deep marketing prowess with continual investment in leading technologies, FUGA’s clients – from Armada, Better Noise and Curb to Mom + Pop, mtheory and Ninja Tune – get equal access to its all-encompassing services.
Owned by Downtown Music Holdings, FUGA is one of the very few distributors to sit on the highest preferred partner tiers for Spotify, Apple and all other major DSPs. FUGA’s global marketing team operates across 17 countries. Together with marketing and distribution, FUGA’s holistic product and services suite – including analytics, royalty accounting, neighbouring rights, rights management and white label services – empower over 800 music rights holders globally._