Rimas Entertainment Acquires Stake in Dale Play Records
Rimas Entertainment, renowned as the Bad Bunny Latin music house, has acquired a “significant” share in Dale Play Records.
Founded in 2018 by Federico Lauria in Argentina, Dale Play releases music from SuperStar Producer and DJ Bizarrap, whose BZRP music sessions with various Latin artists have produced megahits.
According to the official announcement on Thursday (March 6), the transaction was “made possible thanks to support from Rob Stringer (Chairman of Sony Music Group), Afo Verde, and the entire Sony Music family, as well as Brad Navin, Jason Pascal, and the team at Rimas.”
The press release added: “Their cooperation played a crucial role in implementing this partnership, and their trust highlights the significance of this new chapter in the industry.”
Partnership Details and Future Plans
The agreement establishes a partnership between Rimas Entertainment, Dale Play Records, and Sony Music Entertainment, with Federico Lauria continuing as the general director of Dale Play Records.
In addition to Bad Bunny, Rimas Entertainment is home to several Latin music stars, including Arcangel, CRIS MJ, Eladio Carrion, Mora, and Quevedo. Dale Play Records also supports artists such as Duka, Nicky Nicole, and Raul B.
As a result of this acquisition, Rimas Entertainment will expand its global footprint, adding Dale Play’s operations in Argentina and its offices in Mexico, Spain, and Uruguay to its existing presence in Puerto Rico, Mexico, Spain, and the United States.
The partnership is described as the culmination of “years of cooperation between both labels, united by a shared vision for the future of the Latin music market and a deep commitment to creative freedom.”
“With Federico and Dale, we built relationships based on trust and mutual admiration.”
Noah Assad, Rimas Entertainment
Noah Assad, General Director of Rimas Entertainment, stated: “From the very beginning, our mission has been to support and develop artists with authenticity and respect for their identity.
“With Federico and Dale, we forged relationships based on trust and mutual admiration. This alliance will allow us to break new boundaries and create opportunities for our artists and teams.”
“We share the same vision and values, driven by passion and dreams to promote Spanish music and culture worldwide.”
Federico Lauria, Dale Play Records
Federico Lauria, CEO of Dale Play Records, added: “Afo and I have a long-standing friendship, united by a mission to elevate Latin music to new heights.
“This partnership reflects the journey we’ve taken over many years with Noah, Jomi, and the Rimas team. We share the same vision and values, motivated by passion and dreams to promote Spanish language and culture around the globe.”
“It is a great honor for me to continue our partnership with them, and I look forward to the remarkable opportunities and achievements that we will share as we continue to collaborate.”
Afo Verde, Sony Music
Afo Verde, Chairman and General Director of Latin America, Spain, and Portugal at Sony Music, expressed: “I deeply admire the accomplishments of both Feda and Noah.
“They represent a new generation of label leaders, characterized by their independent spirit and innovative approach. Their dedication to their artists and vision for the future is truly commendable.”
“This alliance is key to expanding our global reach and connecting with talent, wherever they may be.”
Jonathan “Jomi” Miranda, Rimas Entertainment
Jonathan “Jomi” Miranda, President of Rimas Entertainment, commented: “This alliance is vital for expanding our global reach and connecting with talent, wherever they may be.
“We have always been at the forefront of discovering new artists, and now, thanks to this partnership, we will have ears in more corners of the world to support and develop the next generation of stars.”
In 2023, MBW suggested that Dale Play Records could be an acquisition target in the rapidly growing global Latin music business.
Bizarrap’s BZRP Music Sessions Vol. 52, featuring the Spanish rapper Quevedo, was streamed over 1.8 billion times on Spotify alone.
Following that, BZRP Music Sessions, Vol. 53, featuring Shakira, was streamed over 1 billion times on Spotify.
Dale Play is reported to have secured an exclusive partnership with Sony Music in 2020.
During the presentation for Sony Investors last May, Rob Stringer confirmed that Sony Music Group “invested in the Rimas label, the home of superstar Bad Bunny.”
Bad Bunny label Rimas Entertainment acquires ‘significant’ stake in Dale Play Records
