Great to be here, been with PMCM, And here on ihub reading for a while now, about 4.2milly in PMCM and long of course.
Couple answers for you. Yes, they need WEA. Any "distributor" uses one of the big boys (WB, Sony etc) as a chain because of their various license agreements with the literal thousands of electronic vendors that exist today, in the various territories. This is common practice in the industry. Essentially they have a percentage deal with WEA to distribute music through their label/distribution ESMG. Iggy's upcoming release is being distributed by ESMG.
As to your next question about album sales, that is a crystal ball question which I can't give any concrete information on. I'm sure it will do well, as her previous release did tremendously well. The point here,\ is that they are building an artist "stable" of sorts to have a positive revenue generating label, which these days is incredibly hard. Between the new acts they just picked up rights for, this is a very diversified company with powerful things developing on both the music and MJ foundation, imo of course.
I have not been able to find a lot of info on the properties.
The MJ stuff looks the most promising as a dispensary, and I am very excited about the team they have been putting together.
IMO, it is all about networking and creating a team. Like their music arm, with distribution and a strong stable, it seems like the MJ is following suit with dispensaries, distribution and branding. I can follow and support the business model because it is one that is at home with what I do, and similar to their approach with the music. Just my two cents.
I hope that helps. Good luck to us all!
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