HITCO ENTERTAINMENT ACQUIRES STAKE IN – AND PARTNERS WITH CORITE

Fan funding platform, Corite – co-founded by Universal Music Sweden alumni Mattias Tengblad (CEO) and Emil Angervall (COO) – has inked a partnership with L.A-based HITCO Entertainment.

HITCO, run by L.A Reid and Charles Goldstuck, has acquired a minority stake in Corite and will help the company launch in the US. The two firms plan to launch a joint scouting program in the States to identify up-and-coming artists.

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