Glassnote, the indie music label that is home to successful acts like Mumford & Sons, has struck an international distribution deal with Universal Records, according to the NY Times. The deal is effective March 1, and will see the indie label leave its current partnership with Sony Red.
Daniel Glass, CEO of Glassnote, is a former executive at Chrysalis and EMI, and has built an impressive roster, which also includes the French band Phoenix, along with rapper Childish Gambino.
“Daniel Glass is, quite simply, one of the most successful label entrepreneurs of the last decade,” Lucian Grainge, the chairman and CEO of Universal, said in a statement. “He represents the kind of innovation and creativity that defines who we are and who we aspire to be as an organization.”
The deal has also allowed Glass to launch a new business called Resolved, which will incubate and fund young entrepreneurs via joint venture agreements.