Business Day Feature on Gallo Records' Recent Buy-Out

Point Black’s Managing Director - Phil Chard was recently interviewed by South African business publication Business Day for a feature on Gallo Record’s recent purchase by Black Coffee’s FlightMode Digital and South African Investment firm Lebashe Investment Group for an undisclosed fee from

Gallo Music Investments, South Africa’s largest and oldest independent music label, was purchased by Lebashe from Tiso Blackstar for R75 million in March.

"The partnership with Lebashe to invest in the catalogue and masters, is more than just a business transaction - it’s about creating an environment in which artists and creatives have a truly equitable stake. It is also the beginning of an industry revolution where African artists are part of structures that are fair and encourage new ways to monetize content.” Said Black Coffee in a press release announcing the deal.

The full article can be found here and is behind a paywall. However, a snippet of the article can be viewed below.