Music distribution and marketing company INgrooves Music Group has announced it has acquired Sovereign Music Services.
The acquisition is expected to provide label and artist partners comprehensive royalty accounting and mechanical services.
As part of the transaction, Sovereign senior executives Jennifer Cary and Steve Weatherby and their staff will join the INgrooves team.
“In just five short years, Jennifer and Steve have used their expertise in a complex yet essential aspect of the music industry to build one of the most nimble and efficient royalty companies in the world,” INgrooves CEO Bob Roback said in a statement. “We are thrilled to be able to immediately offer this strengthened suite of services to label and artist clients, with an eye towards enhancing our industry-leading, integrated technology platform. We are excited to welcome the Sovereign team to INgrooves.”