Latest news with #Rimas
Los Angeles Times
06-03-2025
- Entertainment
- Los Angeles Times
Rimas Entertainment acquires ‘significant stake' in Dale Play Records
Rimas Enterntaiment, the label behind global superstar Bad Bunny, has acquired a significant stake in Dale Play Records, one of the leading forces in Spanish-language music. Rimas issued a press release on Thursday that affirmed a partnership with Dale Play Records. The deal was made in conjunction with Sony Music and its distribution division, the Orchard. According to the statement, the acquisition 'solidifies a strategic partnership that will expand [Rimas Entertainment's] global reach and commitment to artist development,' which follows 'years of collaboration' between the two labels. The acquisition effort was led by CEO Noah Assad, who formed the Puerto Rican-based label in 2014 with the goal of bolstering reggaeton and trap acts. Apart from its most popular hitmaker, Bad Bunny, the independent label also represents renowned artists including Arcángel, Cris MJ, Eladio Carrión, RaiNao and Sech. Dale Play Records was formed in 2018 by Argentine music mogul Federico Lauría. The Argentina-based company is best known for cultivating some of the country's top acts, including Latin Grammy-winning producer Bizarrap, Nicki Nicole and Duki. 'From day one, our mission has been to support and develop artists with authenticity and respect for their identity,' said Assad. 'With Federico and Dale Play, we've built a relationship founded on trust and mutual admiration. This alliance will allow us to break new boundaries and create opportunities for our artists and teams.' Also credited in the deal is Rob Stringer (Sony Music Group chairman), Afo Verde (chairman and chief executive of Sony Music in Latin America, Spain and Portugal), Brad Navin (CEO of the Orchard) and Jason Pascal (executive vice president for global artist and label partnerships at the Orchard). 'This partnership reflects a journey we have been on for many years with Noah, Jomy [Miranda] and the Rimas team. We share the same vision and values, driven by a passion and a dream to take Spanish-language music and culture to the world,' said Lauría, who will continue as CEO of Dale Play Records. With existing offices in the U.S., Puerto Rico, Mexico and Spain, Rimas Entertainment will add Dale Play Records' operations in Argentina, along with its offices in Mexico, Spain and Uruguay.
NBC Sports
04-03-2025
- Business
- NBC Sports
Bad Bunny agency announces deal with Padres star Fernando Tatis Jr.
MIAMI — Rimas Sports, the agency co-owned by Puerto Rican rapper Bad Bunny whose leaders have been suspended by the baseball players' union, announced a management deal with San Diego Padres star Fernando Tatis Jr. Rimas said it will oversee marketing, brand relations and other services, working to 'expand his portfolio as an athlete, businessman and philanthropist.' Tatis and the Padres agreed in 2021 to a 14-year, $340 million contract negotiated by MVP Sports, an agency headed by Dan Lozano. Rimas Sports says it is a partnership among Bad Bunny and executives Noah Assad and Jonathan Miranda. The company says it represents Atlanta's Ronald Acuna Jr., Colorado's Ezequiel Tovar and the New York Mets' Francisco Alvarez. The Major League Baseball Players Association revoked the agent certification of Rimas' William Arroyo last April and denied certification to Assad and Miranda, citing a $200,000 interest-free loan and a $19,500 gift. The union issued a $400,000 fine for misconduct. Arbitrator Ruth M. Moscovitch last October upheld the union's five-year suspensions of Assad and Miranda and cut Arroyo's suspension to three years. U.S. District Judge Jennifer H. Rearden in Manhattan set a Feb. 18 deadline for Assad, Miranda and Arroyo to file a response to the union's motion to confirm the decision, but no response has been filed.
The Independent
04-03-2025
- Business
- The Independent
Bad Bunny agency announces deal with Padres star Fernando Tatis Jr.
Rimas Sports, the agency co-owned by Puerto Rican rapper Bad Bunny whose leaders have been suspended by the baseball players' union, announced a management deal Tuesday with San Diego Padres star Fernando Tatis Jr. Rimas said it will oversee marketing, brand relations and other services, working to 'expand his portfolio as an athlete, businessman and philanthropist.' Tatis and the Padres agreed in 2021 to a $340 million, 14-year contract negotiated by MVP Sports, an agency headed by Dan Lozano. Rimas Sports says it is a partnership among Bad Bunny and executives Noah Assad and Jonathan Miranda. The company says it represents Atlanta's Ronald Acuña Jr., Colorado's Ezequiel Tovar and the New York Mets' Francisco Alvarez. The Major League Baseball Players Association revoked the agent certification of Rimas' William Arroyo last April and denied certification to Assad and Miranda, citing a $200,000 interest-free loan and a $19,500 gift. The union issued a $400,000 fine for misconduct. Arbitrator Ruth M. Moscovitch last October upheld the union's five-year suspensions of Assad and Miranda and cut Arroyo's suspension to three years. U.S. District Judge Jennifer H. Rearden in Manhattan set a Feb. 18 deadline for Assad, Miranda and Arroyo to file a response to the union's motion to confirm the decision, but no response has been filed. ___
