BassBox Music Group Acquired in New Merger

FORT LAUDERDALE, Fla. - July 23, 2014 - PRLog -- Hive, an entertainment development and artist management company, announced today that it has signed a definitive agreement to acquire the remaining interest in BassBox Music Group for an undisclosed amount.

BassBox Music Group, a Fort Lauderdale, FL based record label, was formerly a part of a family of labels under LRT /  Ingrooves / Universal Music Group. Bassbox Music Group, has released material from various artist specializing in edm, pop, hip-hop, r&b, and gospel. Some of the labels more popular artist were Blake Akana Chung, Da Pretty Boyz, and Melodii Rozett.

Kareem Garvey, aka Tokeyo Bang, Chairman and founder of BassBox Music Group, said, “This is a very important milestone for myself and BassBox Music Group. It was dream of mine to give artist a real chance; artist that no one believed in. I’ve had the satisfaction of building some great relationships, and watching people develop from what they were, into the successful artist they are now. I’ve worn many hats in this organization, and committed myself to the success of the artist that have been apart of BassBox over the years. This decision marks a new chapter in my life and gives me the opportunity to leave the business side and focus purely on creating great music and diving deeper into my love for film. I’ve found what makes me truly happy.”

David P. Suade, Chief Executive of HIVE, and former COO / VP of A&R at BassBox Music Group said “Having BassBox Music Group become part of our family represents a unique opportunity for us to continue the legacy that BassBox Music Group has created. HIVE’s intention is to improve upon the unique formula created by BassBox Music Group by signing uniquely talented and vastly different artist, that are highly complementary to our existing organization from a creative, geographic and strategic perspective. More so, we are excited to announce that BassBox Music Group will be launching officially via (DPO) Direct Public Offering.This is a great opportunity for investors and will allow us to increase our output of quality content, as well as create uniquely engaging experiences for our consumers.”

About HIVE:

HIVE has launched an aggressive growth and expansion campaign acquiring new labels, talent, building new business partnerships. Pooling its talent and resources with a roster of new entertainers, HIVE’s focus will be to create unique events, platforms and opportunities for its affiliates to prosper.