FUGA Italy Celebrate Year-One Milestone with Planet Records Deal
- Company strike global digital services deal with Planet Records’ label roster and distribution service
- Ink more than 40 deals in first year of operation
Milan, 13 June 2019: The Italian office of FUGA, the leading technology and services company for rightsholders, have struck a global digital service deal with independent label and distribution company Planet Records.The deal covers Planet Records’ core roster of Latin American and European acts as well as the many dozens of artists and labels distributed through its Planet Distribution service.Planet Records Label has released many worldwide multi-platinum hits with stars like Daddy Yankee, Pitbull, Prince Royce, Omega, Gente de Zona, Nicky Jam, Romeo Santos, Osmani Garcia, Raulin Rodriguez, as well as licensing Latin megastar like Aventura and Italian releases for pop and rock icons like Spice Girl Melanie C and Tears for Fears, reaching 19 platinum and 15 gold records certified to date.With operations in Miami, Napoli, La Havana, Milan, New York as well as Colombia and the Dominican Republic, Planet Records Label and its artists have been repeatedly nominated at prestigious global ceremonies such as the Latin Grammy Awards, Billboard Latin Music Award and more. Planet Records’ recognition also extends to YouTube earning three ‘Gold Play Button’ awards surpassing a total of 7.7 million subscribers (3.9 million subscribers of channels related to the label, and 3.8 million more subscribers of channels related to the distribution partners).FUGA’s industry-renowned technology, which also supplies white-labelling capabilities for Planet Distribution, allows the label to maintain its independent ethos through its inbuilt flexibility so different services can be used for different campaigns as required.This deal marks a major milestone for FUGA’s recently opened division, securing over 40 new clients in their inaugural year of operation. Split between Rome and Milan, their growing success is testament to FUGA’s quick development in the new territories in which they operate, as well as their commitment to enabling exciting opportunities for rightsholders.Planet Records’ founder Roberto Ferrante said, "We’re very proud to be the latest member of the FUGA family. They are the natural choice to enable total independence for our distribution offering. For signed artists, FUGA’s technology allows us to maintain total control of product, directly from the recording studio to the final listener!”On the new deal, Managing Director of FUGA Italy, Lorenzo Grignani, commented: “We are really happy to be partnering with Planet Records and it is another exciting step for FUGA Italy as we continue to establish our presence. We pride ourselves on our ability to deliver advanced and innovative solutions for rightsholders which help them successfully nurture their independence and thrive in the streaming era.” About FUGAFUGA are the industry-leading technology and services company for international rights holders, offering best-of-breed digital supply chain integration alongside dynamic promotion and marketing.At the company’s core is the FUGA platform, launched in 2008 in conjunction with leading music partners. Connected to over 260 digital service providers worldwide, FUGA’s platform manages 4.5 million tracks, with over 5 million deliveries every month.FUGA are listed on the highest tier for both Spotify and Apple’s preferred distributors: a Preferred Plus distributor and encoding house for Apple and preferred label distributor and recommended delivery platform for Spotify. FUGA are also an active contributor and member of the DDEX consortium for digital supply chain standards. FUGA are also partnered with the dotBlockchain Music Project (dotBC) as part of a coalition to spearhead development of a global blockchain ecosystem.FUGA’s flexible platform enables clients to vary services across different DSPs so that they can develop catalogue management, distribution, marketing, licensing and royalty accounting activity as their needs evolve. They are the number one choice for some of the world’s top labels, management companies and distributors, including Epitaph Records, Ultra, Tommy Boy Entertainment, Curb, Mom + Pop, mtheory and Domino.Headquartered in Amsterdam, FUGA also operates out of New York, London, Milan and Seoul.www.fuga.comAbout Planet RecordsFounded by the Italian producer Roberto Ferrante in 1998, Planet Records has remained an incredibly active independent label. With offices in Italy, the United States, Cuba, Colombia and the Dominican Republic, it has achieved incredible chart success in the North American market and a strong presence in Europe. Specializing in Latin, Urban and Tropical genres, Planet Records has released hits with global superstars such as Daddy Yankee, Pitbull, Nicky Jam, Prince Royce, Aventura, Omega, El Cata, Osmani Garcia, Gente De Zona as well as great Rock, Pop, and mainstream artists such as Tears For Fears and Melanie C.Planet Records has a total of 19 platinum records, 15 gold records and three YouTube Gold Buttons, as well as winning one "BMI Award" (USA) and one "Premio Lo Nuestro" (USA). The label has regularly been recognized at the Latin Grammys and has been nominated for the best record company for three consecutive years (2016-2018) at the Billboard Awards.http://planetrecords.it/en/