Swedish indie Ten Music Group has signed a multi-year agreement with Sony Music Entertainment relating to artist development.
Under the new deal, the company - which counts Niki & the Dove and Icona Pop amongst its artist roster - has begun an artist development-focused strategic relationship covering global A&R and distribution, according to RadioAndMusic.com. Sony will have exclusive first-look rights to recordings and releases of Ten-signed artists.
Ten's resource will also be expanded as Sony provides it with offices in London, Los Angeles and New York.
Doug Morris, Sony Music Entertainment CEO, said: “The team at TEN Music understands artist development and they have proven they know how to successfully identify talent with global appeal. We are delighted to welcome TEN to the Sony Music family as we further grow our creative business around the world.”
Ola Hakansson, TEN Music Group chairman and CEO, said: “We are delighted to be a part of the Sony Music family and to have the opportunity to establish the first ever Swedish record company in US.”