Mumford & Sons Label Inks Universal Distribution Deal
Universal Music Group has signed a worldwide deal to distribute Daniel Glass' independent label Glassnote, according to a report.
UMG's distribution arrangement will kick off March 1, in a deal that enables Glass to pursue new business ventures with the market-leading music company and further expand his existing firm worldwide, notes the article published in The New York Times. Until now, Sony Music's Red division distributed the New York-based label's recordings.
Glass has been on a winning streak in recent years. The former EMI and Chrysalis exec launched Glassnote in 2007, signing a roster with an international flavor -- including eventual Grammy winners Mumford & Sons and Chvrches (Britain), Robert DeLong (USA), Phoenix (France) and The Temper Trap (Australia).
Glassnote started a U.K. affiliate last year, just months after he was feted at Musexpo with the title "international music person of the year."
"Daniel Glass is, quite simply, one of the most successful label entrepreneurs of the last decade," said Lucian Grainge, chairman/CEO of UMG, in a statement published by The New York Times. "He represents the kind of innovation and creativity that defines who we are and who we aspire to be as an organization."
Glass and reps from UMG could not immediately be reached for comment.
This article first appeared on Billboard.com.