Charleston Street Journal
Tidwell Records merges with Globus Audio to form American Music Group, the largest family of record labels in America
Today, it has been jointly announced by representatives of Tidwell Records and Globus Audio, in a joint event in the city of Camden, at the Carolina Tower, that a merger is to occur between the two corporations. In the event were present the senior executives and major shareholders of both companies. Both record companies are known across America and worldwide for some of their bands, Cream, The Traveling Wilburys and the Electric Light Orchestra, the first with Tidwell Records and the last two with Globus Audio, and some artists who have signed individually with them, some of which were also members of bands during different times, such as Bob Dylan and Eric Clapton. With the merger, all of the record labels held by Tidwell Records and Globus Audio will be transfered to the newly-formed American Music Group, or AMG.
It has been also released that AMG, just newly born, will be housed in the famous Carolina Tower, the very same place in which the press release about the merger was released. The Carolina Tower has long been known as the center of the music sector in Philadelphia and indeed, the entire American Union, serving as the headquarters of Tidwell Records and other companies, but it is primarily known as so due to the fact that it is situated in the center of Camden's Greene District, the very heart of the large American music industry, and as a direct result of the importance of the same, a center of international renown in the music sector. AMG will purchase the tower in its entirety and will headquarter there in a few months; Not only it will raise the international profile of AMG, it will also strengthen the reputation of Greene District as an internationally acclaimed center of the American music industry.
The merger has said be orchestrated by Richard Quince, a Philadelphian billionaire, a Camden native and a notable philanthrope (who is currently a member of the Association of Affluent Donors and previously fulfiled the role of the Vice Chairman of the Philantropy Congress), who was, prior to the merger, the full owner of Tidwell Records, which he bought six years ago; With the merger, he is going to own %55 of the new company, which is going to be the largest family of records labels in America. The merger was managed by GA Brooke, one of the more prominent M&A consultation companies in the American Union.