SMC Entertainment Inc (SMCE)

[giaiv22]

$SMCE tweeted today that they were in a meeting with INgrooves. SMCE is already partners with them but obviously there is discussion about something else in the works..

Two Tweets from Today:

@SMCEUSA · 3h 3 hours ago
Currently in a production meeting over @ #INgrooves about expanding #digitalDistribution outside the u.s. stay tuned


@SMCEUSA: Just wrapped up an amazing meeting at Ingrooves, We are about to make national heading guys!

If not familiar with INgrooves, they are one of the worlds' largest Digital Music Distributers.

2012 Forbes Article about INgrooves (very interesting piece)

http://www.forbes.com/sites/zackomalleygreenburg/2012/04/20/ingrooves-proof-you-can-make-money-on-music-even-if-youre-not-apple/

Since then he’s raised over $50 million in capital and built a staff of 140, becoming one of the world’s largest distributors of digital music. ­INgrooves is home to acts from Mac Miller to Dolly Parton and small labels like X5 but also handles distribution for Universal Music Group, the world’s largest record company.

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Of course the company has grown since 2012 and has larger catalog for Digital Distribution along with Increased revenues.