Rimas Entertainment, the world's largest independent label, has acquired a significant stake in Dale Play Records, marking a major expansion in the Latin music industry. This strategic partnership combines two powerhouses in Spanish-language music while maintaining their existing relationship with Sony Music Entertainment.

The deal unites impressive rosters from both labels:

• Rimas Entertainment: Arcángel, Bad Bunny, Cris MJ, Eladio Carrión, Mora, and Quevedo
• Dale Play Records: Bizarrap, Duki, Nicki Nicole, and Rels B

The acquisition expands Rimas Entertainment's global presence, adding Dale Play's operations in Argentina, Mexico, Spain, and Uruguay to its existing offices in Puerto Rico, Mexico, Spain, and the United States. Federico Lauria will continue as CEO of Dale Play Records.

Key stakeholders expressed enthusiasm about the partnership:

Noah Assad, CEO of Rimas Entertainment: "This alliance will allow us to break new boundaries and create opportunities for our artists and teams."

Federico Lauria, CEO of Dale Play Records: "We share the same vision and values, driven by a passion and a dream to take Spanish-language music and culture to the world."

Afo Verde, Chairman & CEO Latin America, Spain, and Portugal at Sony Music: "They epitomize the new generation of executives and label leaders, characterized by their independent spirit and innovative approach."

The partnership was facilitated by support from Rob Stringer (Chairman, Sony Music Group), Afo Verde, and The Orchard team. This collaboration represents a significant step forward in Latin music's global expansion, combining two independent powerhouses known for launching some of the most influential Latin artists of the past decade.

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