When contacted by FOLIO: late last month, a Source representative said the company was not nearing a deal to sell Alliance. UPDATE: In a phone conversation Thursday, the representative said Source was “not actively marketing” a sale of Alliance and that the deal came about “very quickly.”Alliance Entertainment was founded in 1990 in Coral Springs, Florida and currently has distribution centers there and in Louisville, Kentucky. The company merged with Source Interlink in 2005. Source Interlink Companies has officially sold Alliance Entertainment to M&A firm Platinum Equity and the Gores Group, a Los Angeles-based private equity firm. Terms of the deal were not disclosed.Alliance is a wholesale distributor of CDs, DVDs and games to more than 14,500 locations in the U.S., including retailers like Barnes & Noble, Borders and Amazon.com. It also provides fulfillment services, among others.According to Steve Yager, a senior managing director at the Gores Group, Alliance Entertainment is a “fundamentally solid business” but also faces “substantial challenges in a rapidly changing distribution market.” Alliance will be managed by Project Panther Holding Corp., a joint venture between Platinum Equity and the Gores Group.“This transaction will allow Source Interlink to focus on the continued growth and investment in our core competencies of wholesale magazine distribution and the further integration of our enthusiast media properties across multiple platforms,” Source CEO Michael Sullivan says in a statement.
“For years now we’ve been complaining about the state of the music industry and how it has been held back by old ways of thinking, negatively impacting music makers–a major pain point being that we are the first to put in any of the work, and the last to see any financial reward or even payment,” explains Heap. “Through Mycelia and its ‘Creative Passport,’ as music makers we now have no excuse but to put our best foot forward and become open for business, decentralising the ecosystem so that it will ultimately benefit everyone. I am excited to be going on the road to bring this to life, in addition to showcasing other new technologies which will add to transforming the music industry into a fair, flourishing and vibrant place”.Heap released her debut album, iMegaphone, back in 1998 and has spent the past two decades surprising her fans with her classically trained yet wildly innovative interpolations of pop music. While her work has always pushed the boundaries between music and visual media, her sounds reached her widest audience yet as a producer on Taylor Swift’s GRAMMY-winning album 1989, which earned Heap her second career GRAMMY Award.Tickets for Heap’s North American dates of her Mycelia World Tour go on-sale to the general public on Friday, Dec. 14 at 10:00 a.m. For full details, visit her website.Imogen Heap’s Life Of A Song Project Shows Who Gets PaidRead more Facebook https://twitter.com/imogenheap/status/1072130478608658433 Email Imogen Heap Launches Innovative New Project & Tour inside-imogen-heaps-interactive-creative-passport-project-mycelia-world-tour News The GRAMMY-winning artist and tech innovator brings together live concerts, interactive workshops and tech talks to nine cities across North AmericaNate HertweckGRAMMYs Dec 10, 2018 – 5:16 pm Fans of multi-instrumentalist songwriter/producer and multi-media artist Imogen Heap have learned to expect the unexpected from their hero. Never one to disappoint creatively, Heap’s latest endeavor is also one of her most ambitious.The GRAMMY winner has announced a nine-city North American leg of her Mycelia World Tour, complete with the launch of a new project, ‘Creative Passport,’ which integrates concerts, workshops and discussions to push the typical limits of what a live tour can mean.The continuation of her Mycelia World Tour follows successful stints across Europe during 2018 and will make stops in major U.S. cities between April and June 2019, including Miami, New York, Chicago, Toronto, Seattle and San Francisco. The tour is named after Heap’s research and development hub aimed at cultivating a fairer payment system for artists by establishing a music maker database.Billed in a statement from Heap as “promoting a fair and flourishing future for the Music Industry,” her ‘Creative Passport’ project is geared toward, “realising a vision of the future which sees music makers connected through a verified and decentralised ecosystem, promoting artist-led, fair and sustainable operating practices.”The slate of events for each tour stop includes some or all of several elements, including solo concerts from Heap as well as reunited duo appearances with Guy Sigsworth as electronic duo Frou Frou for the first time since 2003.’Creative Passport’ also offers workshops with local music makers, technologists and industry influencers, workshops for families where children will get to build and code their own MIni.MU gloves (Heap’s proprietary electronic instrument of the future) and talks given by Heap on “technologies which are positively shaping the future of the music ecosystem, building better business and audience relations with music makers.” Twitter Inside Imogen Heap’s Interactive ‘Creative Passport’ Project & Mycelia World Tour
WILMINGTON, MA — Below are the real estate transactions in Wilmington that occurred from June 18, 2019 to June 25, 2019:Address: 268 Burlington AvenuePrice: $552,000Buyer: Abdul & Shahida VirkSeller: Alexandre Menai & Tiphaine LastennetDate: 6/25/19Use: 1-Family ResidenceLot Size: 31,134 sfAddress: 24 Burt RoadPrice: $515,000Buyer: Susan Reis & Christopher CostiganSeller: Jeffrey MeislerDate: 6/21/19Use: 1-Family ResidenceLot Size: 21,250 sfAddress: 1 Chandler RoadPrice: $415,000Buyer: Daniel BallouSeller: Donald V. Rhodes Est. & Priscilla NicoloDate: 6/21/19Use: 1-Family ResidenceLot Size: 10,000 sfAddress: 90 Eames StreetPrice: $2,800,000Buyer: Martignetti DevelopmentSeller: Lehigh Cement Co.Date: 6/24/19Use: Industrial UseLot Size: 159,430 sfAddress: 56 Forest StreetPrice: $615,000Buyer: Jonathan & Devin BerkeleySeller: Joseph Langone Jr.Date: 6/24/19Use: 1-Family ResidenceLot Size: 15,500 sfAddress: 28 Nassau AvenuePrice: $774,900Buyer: Matthew Horan & Emily HalpinSeller: Debra A. Goldberg, Trustee for Golden RTDate: 6/20/19Use: 1-Family ResidenceLot Size: 20,440 sfAddress: 200 Research DrivePrice: $20,665,487Buyer: 200 Research Drive LLCSeller: Wakefield Investments Inc.Date: 6/24/19Use: Office/Industrial UseLot Size: 812,830 sfAddress: 500 Research DrivePrice: $13,876,106Buyer: 500 Research Drive LLCSeller: Wakefield Investments Inc.Date: 6/24/19Use: Office/Industrial UseLot Size: 556,261 sfAddress: 600 Research DrivePrice: $14,520,354Buyer: 600 Research Drive LLCSeller: Wakefield Investments Inc.Date: 6/24/19Use: Office/Industrial UseLot Size: 745,747 sfAddress: 800 Research DrivePrice: $6,938,053Buyer: 800 Research Drive LLCSeller: Wakefield Investments Inc.Date: 6/24/19Use: Office/Industrial UseLot Size: 813,265 sfAddress: 15 Verdun RoadPrice: $445,700Buyer: Hari & Kumari KafleSeller: Brian Colby & Rosa MazzeoDate: 6/19/19Use: 1-Family ResidenceLot Size: 9,292 sfAddress: 300 Woburn StreetPrice: $620,000Buyer: Paul Doan-Tran & Phally TranSeller: Paul Brozo & Kate WesterveltDate: 6/19/19Use: 1-Family ResidenceLot Size: 20,592 sfLike Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email firstname.lastname@example.org.Share this:TwitterFacebookLike this:Like Loading… RelatedRecent Wilmington Real Estate TransactionsIn “Business”Recent Wilmington Real Estate TransactionsIn “Business”Recent Wilmington Real Estate TransactionsIn “Business”