This week, The Artx Entertainment Company is getting into the music business in a big way.
On Friday, the company announced that it’s purchasing the rights to an upcoming UK record from an independent label, which will be released in 2019.
The deal was announced during an exclusive livestream at the 2017 Coachella music festival on Friday, which was attended by thousands of fans.
The streaming service said the deal would bring the company “unprecedented” exposure and a “big boost” in revenue, but also acknowledged that the new deal “doesn’t come cheap.”
The announcement comes at a time when many labels are exploring new distribution methods.
Some are trying to leverage Spotify to reach fans on the platform.
For a time, that worked, but Spotify has been criticized for its inability to reach its biggest listeners.
Artix Entertainment, which owns the UK music label The Artxx, also recently announced plans to launch a music service.
The service is being developed by The ArtXX, which has more than 5 million subscribers, according to its latest earnings report.
The Artx acquisition is just the latest example of how the music industry is maturing.
A number of music labels are investing in music distribution and licensing, and the music-industry is getting more diverse.
The major labels are also embracing streaming services like Spotify and Apple Music, as well as a growing number of digital streaming services, like Pandora and SoundCloud.
Artxx’s move to acquire The ArtX Entertainment Company marks a change in the music world, where labels have struggled to find the right distribution models to help keep fans engaged.
The Artxxx was founded in 2008, and its music catalog has more artists than the music scene as a whole.
In 2016, a number of labels bought music services, including SoundCloud, which then became SoundCloud Music.
In 2018, The Arxxx Entertainment Company purchased SoundCloud from the company it founded, SoundCloud Media Group.
The company also owns a number on labels like Def Jam and the labels SoundCloud and Soundcloud.
ArtX has also been involved in the publishing industry for years, having launched its own music publishing label in 2009.
The company’s music has been widely distributed on iTunes, Amazon, Spotify, YouTube, Amazon Music, and a number other streaming services.