The Orchard, Digital Music Group merge.(ONLINE MUSIC SERVICES)(Brief article)

Online Reporter, The, July, 2007

Digital music distributor Orchard Enterprises merged with the Digital Music Group (DMGI) this week. The combined companies will keep DMGI's NASDAQ listing but the company will change its name to The Orchard.

The merged company has revenues of around $17 million with operations in 25 countries.

Separately, each was losing money, so perhaps some cost cutting of duplicate operations like accounting and marketing can get the merged company into the black.

Hmm. Wonder if it'd be interested in a distributor of spoken word audio, one that recently landed an exclusive deal with Microsoft's MSN. The assets of MediaBay, which closed its doors this week, are no doubt available at a good price.