Swish Buys Majority In Digital Music Service Amphead


In Australia, digital media production group Swish Group is acquiring 51 per cent of online digital music and video content business Amphead Entertainment Group. The acquisition will result in a name change to Swish Amphead…Swish will pay for the deal with three million Swish shares, a cash component to be paid over the next 12 months and a component based on the performance of the business over the next two years.
Amphead has agreements with a number of major indie labels with its catalog distributed through online music retailers such as iTunes, Telstra Bigpond, JB Hifi and Sanity.

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