#1 INDEPENDENT LABEL AND #1 INDEPENDENT DISTRIBUTOR
IN THE US
(New York and Port Washington, NY) - - May 1, 2003 - - Billboard has ranked KOCH Entertainment as the #1 Independent Label. The Billboard (May 3, 2003 issue) label ranking is based exclusively on point-of-sales information compiled by Nielsen SoundScan and covers the 12-month period April 13, 2002, through April 5, 2003. KOCH Entertainment had 22 titles on the Billboard 200 albums chart during this period, while the #2 label logged 7. KOCH Entertainment’s In The Paint imprint was the #1 R&B/Hip-Hop Album Imprint with 13 titles charting and KOCH Entertainment was the #1 R&B/Hip-Hop Album Label with 15 titles charting, while the #2 label had 3. Koch also garnered the #3 Hot Rap Label, #2 Hot Country Singles & Tracks Labels, #5 Top Country Album Labels and the #4 Top Kid Audio Label position.
This week, KOCH Entertainment leads the independent sector with 4 of the Top 200 albums and 5 albums on the Top Independent chart. KOCH Entertainment Distribution claimed 7 of the Top 200 albums and 10 on the Top Independent chart.
KOCH’s year-to-date overall market share boasts an impressive 1.66%, including 0.58% for KOCH Records, confirming KOCH’s leading position among independent distributors. KOCH’s year-to-date current album market share is equally strong at 1.64%, including 0.60% for KOCH Records.
“Our focus has always been to be the best indie, not necessarily the largest. The continued success at KOCH Entertainment is a testament to both the strength of our artist and label roster as well as strong management team on our label and distribution front on the one hand, and the increasing importance of the independent sector in our industry on the other hand,” commented founder and CEO Michael Koch.
“We are gratefully accepting the #1 Independent Label trophy. It’s amazing what we were able to achieve in four very short years and we look forward to what the future holds for strong independents in a time of great duress and change on the major label front,” says Bob Frank, President, KOCH Entertainment. “We are thrilled to have 3 of the top 4 independent labels in our fold, and are proud to have achieved all this as a truly independent company, despite or because our main competitors are appendices to majors,” added Michael Rosenberg, President, KOCH Entertainment Distribution.
KOCH Entertainment is the leading and fastest-growing independent music company in the U.S. KOCH's operations encompass record and video labels, music publishing, as well as distribution companies in the U.S. and Canada. KOCH Entertainment is the market leader among independent labels and distributors in both the U.S. and Canada and its record labels had the largest number of Billboard charting albums among independents in 2002/2003.
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