Nashville, TN. (Top40 Charts/ Equity
Music Group) - Equity
Music Group has announced the label recently aligned itself with two investment groups: The Southern Maryland Group, a Washington D.C. venture, and Optimum Venture 3, a California-based fund that includes the co-founder of the PowerBar
Energy Bar. 'These partners will give Equity excellent input and continuing support during a time when our industry is undergoing dramatic change,' said Equity Chairman Clint Black.
In addition, Mike Kraski has exited his position as President of Equity Music Group. Kraski will continue to serve as a member of the Board of Directors and will maintain his ownership in the company.
Derek Simon, previously a Senior Vice President for Equity, will assume the role of General Manager and Interim President. As recently announced, Debbie Mundy has been hired as the company's Financial Controller. She comes to Equity with excellent experience in the industry and more than 20 years at Gaylord Entertainment.
Black continued, 'Since our inception in 2003, Equity has been blessed with an amazing artist roster. We have had tremendous success with Little Big Town's debut for the label and they have raised the bar with the artistry of their new album, A Place To Land.'
Upcoming album releases from Clint Black and debut artist Laura Bryna are expected to hit the market in early 2008. For additional information, please visit www.equitymusicgroup.com.
