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Music Business Worldwide
April 19, 2021
Claudio Ferrante
As reported by MBW last month, Italian distribution company and record label Artist First has acquired a stake in Italian live booking agency Colorsound.
Colorsound, in which Artist First has acquired a 30% equity stake, was founded over 40 years ago in Milan by Antonio Colombi and represents a roster of Italian artists who include Ornella Vanoni, Le Vibrazioni , Patty Pravo , Roby Facchinetti and Riccardo Fogli.
The news marks Artist First’s first major investment in the live music sector and follows the recent purchase of digital agency Officine Orange and the launch of its own studio complex.