Downtown Music Holdings-owned B2B music distributor FUGA has struck a global delivery platform services deal with Beggars Group, one of the world’s leading independent music rights firms. UK-headquartered Beggars owns 50% stakes in labels such as XL Recordings, Matador and Rough Trade. It also owns 100% of 4AD, runs its own publishing company in Beggars … Continued
"A by-product of not being able to promote new releases to the extent we would have liked is that we have seen significantly reduced marketing and promotional expenditure across all labels which has worked its way through to the bottom line."