Ends arrangement with PolyGram/Universal
NEW YORK — Independent music group Platinum Entertainment has pulled its distribution completely inhouse, ending the dual distribution arrangement it had with PolyGram/Universal Music.Operations will be overseen by Platinum’s PED Corp. unit in Atlanta from a 100,000 square foot warehouse with state-of-the-art fulfillment systems, the company said. The facility will have three recording studios and an art department and will house several Platinum labels. “With Platinum handling all distribution, we now have complete control of facilitating product quicker, generating higher product sales,” said Platinum CEO Steve Devick. PED also distributes third party labels Ruf Records, Half Note Records, Ramblin’ Records, Gator Records and Power Records. In a related announcement, Platinum said it has rolled its gospel and urban music labels into newly formed Platinum Black Music, headed by Hank Caldwell, the former president of Death Row Records. The division has just signed multi-platinum R&B recording artist Johnny Gill.
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