Bookweb reports the following-
On Monday, January 14, 2019 Baker & Taylor announced that it has sold certain assets of its entertainment product distribution business to Ingram Entertainment Inc., effective January 11, 2019.
“The sale of our retail entertainment assets to Ingram Entertainment will allow both companies to bring greater value to customers through the strengths of our respective wholesale distribution businesses,” said David Cully, president of Baker & Taylor. “For Baker & Taylor, that means delivering the most innovative and efficient content distribution services to our retail, public library, and publisher service customers everywhere.”
Included in the sale are customer agreements for the wholesale purchase of pre-recorded DVD, Blu-ray, and audio music CD and vinyl record products; the sale relates only to entertainment products and does not involve book products.
“Baker & Taylor has been a respected competitor and a valued contributor to the home entertainment products distribution business for many years,” said Bob Webb, president and CEO of Ingram Entertainment. “Ingram Entertainment looks forward to the opportunity to increase our sales of products to video, audio music, and online retailers.”
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