Monday 21 January 2013, 10:30 | By

CD Baby owner AVL Digital sold

Business News Digital Labels & Publishers

CD Baby

CD Baby’s parent company, AVL Digital Group, has been sold to private equity group Stephen Capital Partners, reports Billboard.

A source said that SCP intends to keep AVL Digital and its subsidiary companies running as they currently are for the time being.

Disc Makers, another company owned by AVL Digital, bought CD Baby from founder Derek Sivers in 2008 for $22 million.

OR READ MORE ABOUT: | |

  • BMG acquires Infectious Music
  • Government’s culture man talks tough on copyright at BPI AGM
  • Cee Lo Green pleads no contest to drugs charges, deletes Twitter account
  • Tony Wadsworth departs BPI with rally call for labels
  • 8tracks raises more finance
  •