Rimas Entertainment, the world's largest independent label, has acquired a significant stake in Dale Play Records, marking a major development in the Latin music industry. This strategic partnership brings together two powerhouses in Spanish-language music while maintaining Dale Play's existing partnership with Sony Music Entertainment.

The deal expands Rimas Entertainment's global presence by adding Dale Play Records' operations in Argentina, Mexico, Spain, and Uruguay to its existing network in Puerto Rico, Mexico, Spain, and the United States. Federico Lauria will continue as CEO of Dale Play Records.

Key aspects of the partnership:

• Rimas Entertainment's roster includes Arcángel, Bad Bunny, Cris MJ, Eladio Carrión, Mora, and Quevedo
• Dale Play Records represents international stars like Bizarrap, Duki, Nicki Nicole, and Rels B
• The deal was facilitated with support from Sony Music Group Chairman Rob Stringer, Afo Verde, and The Orchard team

Noah Assad, CEO of Rimas Entertainment, emphasized their commitment to artist development and authenticity, while Federico Lauria highlighted the shared vision between both companies to elevate Latin music globally.

Jonathan "Jomy" Miranda, President of Rimas Entertainment, noted that this alliance will enhance their ability to discover and develop new talent worldwide. The partnership represents a significant step forward in expanding Latin music's global influence while maintaining the independent spirit that has characterized both labels' success.

This strategic alliance reinforces both companies' commitment to nurturing talent and expanding Latin music's reach, creating new opportunities for artists and teams while preserving their creative independence.

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