UMVD ADDS LATIN FLAVOR
The alliance makes UMVD the leading distributor of Latin music in the United States. Fonovisa, already one of the leading labels in both the U.S. and Mexico, meanwhile looks to expand its global reach through the deal. Top Fonovisa artists include Los Trigres del Norte, Conjunto Primavera, Marco Antonio Solis, Los Temerarios, Banda el Recodo and Los Huracanes del Norte.
"This is a wonderful opportunity for us to achieve greater access with U.S.
retailers while providing wider global exposure for our artists," said Univision Music Group President/CEO Jose Behar. "We are thrilled with the opportunity to broaden our relationship with Universal Music Group.” UMVD already distributes Univision Records in the U.S. and Mexico and Disa Records in the U.S.
"UMVD's agreement with Fonovisa is an incredible opportunity to expand our
relationship with Univision Music Group," said UMVD President Jim Urie. "We are both proud and excited about this partnership and look forward to many years of continued success."
"Latin music is achieving phenomenal popularity, both in the U.S. and around
the world," said Universal Music Group President/COO Zach Horowitz. "Over the past 18 months, Universal has gone from last among the majors in Latin music in the U.S., to a close second place. With the addition of Fonovisa Records, Universal becomes the clear market leader. In the last year alone, we have increased our Latin music sales by
over 65%, and Univision Music Group has played a unique and important role in
our success. We look forward to working closely with Jos Behar and his team in bringing the music from this leading and most notable label to fans around the world."
