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Posted by Robert
Rap News Network
2/24/2004 3:37:53 PM
The Source and Image Entertainment, Inc have inked an exclusive audio distribution deal to release The Source's Hip Hop Hits series.
The newly inked deal begins with the June 29th release of Hip Hop Hits Volume 8, the latest title in the successful CD series.
The Source is comtemplating a minimum of three releases through December of 2004.
A box set is expected to be released this year as well with songs from the 25 years in Hip-Hop. Platinum and gold titles will be included with sales exceeding 4 million units.
The Hip Hop Hits series was previously distributed by Def Jam Records and is one of the most successful CD compilation series on the market.
"With the current disarray happening at major record labels, the time is ripe for independent distributors to make their mark in Hip-Hop," said David Mays, CEO of The Source. "The Source is extremely proud to align ourselves with a strong, proven and committed distribution partner such as Image Entertainment."
"The agreement with The Source is further evidence of Image’s determination and commitment to significantly grow our presence in the audio format," explained Image CEO Martin Greenwald.
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