RIMAS ENTERTAINMENTACQUIRES A STAKE IN DALE PLAY RECORDS 

RIMAS ENTERTAINMENT, the world’s largest independent label, has acquired a significant stake in DALE PLAY RECORDS, one of the leading forces in Spanish-language music. With this acquisition, RIMAS solidifies a strategic partnership that will expand its global reach and commitment to artist development.

This partnership is the result of years of collaboration between both labels, united by a shared vision for the future of the Latin music market and a deep commitment to creative freedom. The agreement establishes a partnership between RIMAS ENTERTAINMENT, DALE PLAY RECORDS, and SONY MUSIC ENTERTAINMENT, with Federico Lauria continuing as CEO of DALE PLAY RECORDS.

This landmark deal has been made possible thanks to the support of Rob Stringer (Chairman, Sony Music Group), Afo Verde, and the entire Sony Music family, as well as Brad Navin, Jason Pascal, and the team at The Orchard. Their collaboration has been instrumental in bringing this partnership to fruition, and their trust underscores the significance of this new chapter in the industry.
 
Both companies have established themselves as key platforms for Latin talent. RIMAS ENTERTAINMENT is home to some of the most influential stars in Latin music, including Arcángel, Bad Bunny, Cris MJ, Eladio Carrión, Mora, and Quevedo, while DALE PLAY RECORDS has been the driving force behind international stars such as Bizarrap, Duki, Nicki Nicole, and Rels B.

As a result of this acquisition, RIMAS ENTERTAINMENT expands its global footprint, adding DALE PLAY RECORDS’ operations in Argentina, along with offices in Mexico, Spain and Uruguay to its existing presence in Puerto Rico, Mexico, Spain, and the United States.

“From day one, our mission has been to support and develop artists with authenticity and respect for their identity. 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,” said Noah Assad, CEO of RIMAS ENTERTAINMENT.
 
Federico Lauria, CEO of DALE PLAY RECORDS, added: “Afo and I have had a long-standing friendship for many years, united by a mission to elevate Latin music to the highest level. This partnership reflects a journey we have been on for many years with Noah, Jomy, 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.”

Afo Verde, Chairman & CEO Latin America, Spain and Portugal at Sony Musicsaid: “I have great admiration for the achievements of both Fede and Noah. They epitomize the new generation of executives and label leaders, characterized by their independent spirit and innovative approach. Their dedication to their artists and vision for the future is truly commendable. It is a privilege to continue our partnership with them, and I look forward to the remarkable opportunities and accomplishments we will share as we continue to collaborate.”
 
Jonathan “Jomy” Miranda, President of RIMAS ENTERTAINMENT, said: “This alliance is key to expanding our global reach and connecting with talent wherever it may be. We have always been at the forefront of discovering new artists, and now, through this partnership, we will have ears in more corners of the world to support and develop the next generation of stars.”
 
This partnership marks the beginning of a new era for Latin music, where two independent, industry-leading labels—responsible for launching some of the most important Latin artists of the last decade—reaffirm their commitment to nurturing talent and expanding Latin music’s global reach.