Apple Inc is backing a music startup launched by one of its former executives.
A journalist attends the presentation of the new iPhone 14 at an Apple event, at their headquarters in Cupertino, California, U.S. September 7, 2022. REUTERS/Carlos BarriaThe company, called Gamma, is the brainchild of former Apple Music Global Creative Director Larry Jackson and veteran music executive Ike Youssef. It positions itself as an alternative to traditional record labels.
"The artists shaping today's culture not only create music, but also video, film, podcasts, fashion, and more," Jackson said in a statement Wednesday. "They shouldn't have to jump through multiple hoops to express themselves. Gamma says it will support content creation -- whether that is music, video or podcasts, and provide audio and video distribution through Vydia, a company it acquired in December 2022.
Early projects will include work with Snoop Dogg and his Death Row catalog, Rick Ross, and Naomi Campbell, Gamma said. It also plans to collaborate with Todd Boehly's Eldridge, whose investments include the Los Angeles Dodgers, which is a major backer.
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Apple Veteran Larry Jackson Launches Gamma, Bringing ‘Unprecedented’ Private Equity to Frontline Music BusinessWith major backing, Jackson acquired the distributor Vydia and signed stars like Usher and Snoop Dogg to the “best capitalized music company” going head to head with the world’s big three.…
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