Last week, Digital Music Group (DMGI) agreed to a merger with The Orchard. Reading through the details--summarized nicely by the New York Times--it appears that this is more of a buyout than a merger, with The Orchard owning 60% of the combined company, which will retain the DMGI name.
I met DMGI founder Mitch Koulouris back in 2004 when he was first raising money for the company, then called Digital Musicworks International (DMI). He and one of his associates (who's since moved on) were very excited about their business plan, which he called the first all-digital record label. … Read more