Armin van Buuren co-founded label Armada Music, based in Amsterdam has set up a new parent company, Armada Music Group as it continues to grow through acquisition. Its latest acquisition is Netherlands-based label and publisher Cloud 9 Music. The new parent company which will encompass Armada’s label, publishing and investments arms. Last year, the label announced the BEAT Music Fund, which it described as the first-ever dance music investment fund and a plan to spend $100 million on catalog acquisitions in its first two years. Now, the newly formed parent company has annouced it’s planning am additional $500 million in investments within the next five years.
“This acquisition is significant to us and will boost our ability to empower today’s dance artists and expand their opportunities to monetize their work in the current landscape. Now more than ever, today’s artists need a trusted partner. Providing label, publishing services and opportunities within catalog investment all under one roof directly fuels our ongoing mission to advocate for dance artists, contribute to their success, and uphold the value of creativity.”
– Armada co-founder and CEO Maykel Piron
The new parent company is designed to “seamlessly offer label, publishing, and catalog acquisition services under one roof with a mission to bolster creativity for current and prospective representation,” the company said on Tuesday (April 16).
