{"id":233621,"date":"2025-06-10T17:35:23","date_gmt":"2025-06-10T16:35:23","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=233621"},"modified":"2025-06-10T22:09:40","modified_gmt":"2025-06-10T21:09:40","slug":"secretly-group-buys-50-stake-in-merge-records-as-co-founder-laura-ballance-departs","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/secretly-group-buys-50-stake-in-merge-records-as-co-founder-laura-ballance-departs\/","title":{"rendered":"Secretly Group buys 50% stake in Merge Records, as co-founder Laura Ballance departs"},"content":{"rendered":"<p>Secretly Group\u00a0and Merge Records have entered into a new partnership that will see\u00a0Secretly\u2019s co-founders \u2013 Ben Swanson, Chris Swanson,\u00a0Darius Van Arman\u00a0and Phil Waldorf \u2013 take\u00a0a 50% stake in Merge.<\/p>\n<p>Durham, North Carolina-headquartered Merge will continue to operate as a standalone label, but will make use of Secretly\u2019s ecosystem, including accounting, artist royalties, business affairs, licensing, IT and HR.<\/p>\n<p><span style=\"font-weight: 400;\">      <div class=\"mb-advert__incontent\">      <div class=\"mb-advert mb-advert__tweeny hidden-xs hidden-ms hidden-sm\" data-loaded=\"no\" data-sizes=\"992 1200 1440\" data-name=\"628x90 Sponsor banner #5 (992+1200+1440)\" data-params=\"dfp_sponsor5_628\" id=\"dfp_sponsor5_628\"><\/div>      <div class=\"mb-advert mb-advert__banner mb-advert__banner--inline hidden-xs hidden-sm hidden-md hidden-lg\" data-loaded=\"no\" data-sizes=\"480\" data-name=\"468x60 Sponsor banner #5 (480)\" data-params=\"dfp_sponsor5_468\" id=\"dfp_sponsor5_468\"><\/div>      <div class=\"mb-advert mb-advert__mobile mb-advert__mobile--inline hidden-ms hidden-md hidden-lg\" data-loaded=\"no\" data-sizes=\"320 768\" data-name=\"300x50 Sponsor banner #5 (320+768)\" data-params=\"dfp_sponsor5_300\" id=\"dfp_sponsor5_300\"><\/div>      <\/div>      <\/span><\/p>\n<p>It will also make use of Secretly sister company <strong>Secretly Distribution<\/strong>\u2019s worldwide distribution arm, with which Merge Records has had an existing relationship for over a decade.<\/p>\n<p>\u201cOur aim is to support Merge with the independent ecosystem we\u2019ve built at Secretly, while preserving what\u2019s truly special about what [Merge Co-Founders] <strong>Mac<\/strong> [<strong>McCaughan<\/strong>] and <strong>Laura<\/strong> [<strong>Ballance<\/strong>] have built over the past 36 years, such that we can support Merge\u2019s growth in the decades to come,\u201d Secretly Co-Founder <strong>Ben Swanson<\/strong> said.<\/p>\n<p><span style=\"font-weight: 400;\">      <div class=\"mb-advert__incontent\">      <div class=\"mb-advert mb-advert__spu\" data-loaded=\"no\" data-name=\"300x250 Sponsor MPU #1\" data-params=\"dfp_spu1\" id=\"dfp_spu1\"><\/div>      <\/div>      <\/span><\/p>\n<p>McCaughan will continue in his role as Label President and Head of A&amp;R, while Ballance will be leaving the company and the music industry.<\/p>\n<p>Longtime Merge Label Director <strong>Christina Rentz<\/strong>, Marketing Director <strong>Jamie Beck<\/strong> and Head of Digital <strong>Wilson Fuller<\/strong> will all continue in their roles.<\/p>\n<blockquote><p>\u201cOur aim is to support Merge with the independent ecosystem we\u2019ve built at Secretly, while preserving what\u2019s truly special about what [Merge Co-Founders] Mac\u00a0and Laura\u00a0have built over the past 36 years.&#8221;<\/p>\n<p><span style=\"color: #000000;\">Ben Swanson, Secretly Group<\/span><\/p><\/blockquote>\n<p>The tie-up between the two companies was apparently spurred by Ballance\u2019s decision to exit the music industry.<\/p>\n<p>\u201cWhen we heard that Laura was looking to move on from Merge, we immediately engaged in conversations with Mac and Laura about what a new partnership with Secretly could look like,\u201d Secretly Co-Founder <strong>Phil Waldorf<\/strong> said.<\/p>\n<p>\u201cWe looked up to Merge as we started our labels. We are not just fans of the music they\u2019ve released, but their independent ethos and commitment to being an artist-first company.\u201d<\/p>\n<p>He added: \u201cBecoming a partner in Merge is beyond a dream for me \u2013 I saw <strong>Superchunk<\/strong> for the first time when I was a teenager, before I even knew you could have a full-time job in independent music, and attended Merge\u2019s 5th Anniversary celebration at the Cat\u2019s Cradle while I was a college student in Athens, GA, making this a real \u2018pinch me\u2019 moment three decades later.\u201d<\/p>\n<p><span style=\"font-weight: 400;\">      <div class=\"mb-advert__incontent\">      <div class=\"mb-advert mb-advert__spu\" data-loaded=\"no\" data-name=\"300x250 Sponsor MPU #2\" data-params=\"dfp_spu2\" id=\"dfp_spu2\"><\/div>      <\/div>      <\/span><\/p>\n<p>Ballance and McCaughan launched Merge Records in 1989 in Chapel Hill, North Carolina, at about the same time they launched their band Superchunk. Since then, the label has built a catalog that includes <strong>Neutral Milk Hotel<\/strong>, <strong>Lambchop<\/strong>, <strong>The Magnetic Fields<\/strong>, <strong>The Clean<\/strong>, and <strong>Waxahatchee<\/strong>.<\/p>\n<p>It has also released albums from the likes of <strong>Caribou<\/strong>, <strong>Fruit Bats<\/strong> and <strong>Destroyer<\/strong>, and introduced the world to <strong>M(h)aol<\/strong>, <strong>Friendship<\/strong> and <strong>Case Oats<\/strong>.<\/p>\n<blockquote><p>\u201cIt was never my goal to start a record label when I was 21 and run it for the rest of my life. I have been doing this for 36 years now. Life is short.&#8221;<\/p>\n<p><span style=\"color: #000000;\">Laura Ballance, Merge Records<\/span><\/p><\/blockquote>\n<p>\u201cIt was never my goal to start a record label when I was 21 and run it for the rest of my life. I have been doing this for 36 years now. Life is short,\u201d Ballance said of her decision to exit the music business.<\/p>\n<p>\u201cThere are other things I have always wanted to do: make more art, travel for fun, volunteer more, write a book and lots of other things that being so entrenched in running a business does not allow me to do. Merge Records started as a literal bedroom label, in my bedroom, and lived there for a few years before we were able to give it some space of its own. It has always been a labor of love. I am going to miss it and all the people and bands tremendously.\u201d<\/p>\n<p>Ballance and McCaughan\u2019s band Superchunk continues to work to this day, and its forthcoming album, <em>Songs in the Key of Yikes<\/em>, set for an August release, will be the first new album to be distributed worldwide under the new partnership.<\/p>\n<blockquote><p>\u201cWe looked up to Merge as we started our labels. We are not just fans of the music they\u2019ve released, but their independent ethos and commitment to being an artist-first company.\u201d<\/p>\n<p><span style=\"color: #000000;\">Phil Waldorf, Secretly Group<\/span><\/p><\/blockquote>\n<p>&#8220;I have known many of the people in the Secretly world for decades, and I know that they share Merge\u2019s dedication to artists and getting their music into the hands of as many people as possible,\u201d McCaughan said.<\/p>\n<p>\u201cWe have seen this in action working with Secretly Distribution\u2019s international team since 2012, and are excited about what the future looks like with the strength and experience of Secretly Distribution working for Merge artists around the world, and now here at home. I know Laura has her own exciting future ahead, and I am excited to continue and expand upon the label we\u2019ve run for 36 years.\u201d<\/p>\n<p>Originally founded in 1996 and headquartered in Bloomington, Indiana, <a href=\"https:\/\/www.musicbusinessworldwide.com\/companies\/secretly-group-3\/\" target=\"_blank\" rel=\"noopener\">Secretly Group<\/a> runs a number of labels including <strong>Dead Oceans<\/strong>, <strong>Jagjaguwar<\/strong>, <strong>Saddest Factory Records<\/strong> and <strong>Secretly Canadian<\/strong>. It is also home to <a href=\"https:\/\/www.musicbusinessworldwide.com\/ghostly-international-and-secretly-form-all-flowers-group\/\" target=\"_blank\" rel=\"noopener\"><strong>Ghostly International<\/strong><\/a>.<\/p>\n<p>Secretly Distribution has been operating for more than 25 years, and its partners include <strong>Rhymesayers<\/strong>, <strong>Captured Tracks<\/strong>, <strong>A24 Music<\/strong>, <a href=\"https:\/\/www.musicbusinessworldwide.com\/chrysalis-records-signs-global-distribution-deal-with-secretly-distribution\/\" target=\"_blank\" rel=\"noopener\"><strong>Chrysalis<\/strong><\/a>, <strong>Sacred Bones<\/strong>, <strong>Touch &amp; Go<\/strong>, <strong>Moshi Moshi<\/strong>, <strong>Bayonet<\/strong>, <strong>DFA<\/strong>, <strong>Run For Cover<\/strong>, <strong>Big Crown<\/strong>, <strong>Colemine<\/strong>, <strong>Nyege Nyege Tapes<\/strong>, <strong>Jazz Is Dead<\/strong>, <strong>Oh Boy Records<\/strong>, <strong>ZZK<\/strong>, and Secretly-affiliated labels Dead Oceans, <strong>drink sum wtr<\/strong>, Ghostly International, Jagjaguwar, Secretly Canadian and the <strong>Numero Group<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After 36 years of co-managing Merge, Laura Ballance has announced she&#8217;s exiting the music industry<\/p>\n","protected":false},"author":46,"featured_media":233627,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[134284,134285,131585,134287,134286,128545,4523,1905],"class_list":["post-233621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ben-swanson","tag-chris-swanson","tag-darius-van-arman","tag-laura-ballance","tag-mac-mccaughan","tag-merge-records","tag-phil-waldorf","tag-secretly-group"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/233621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=233621"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/233621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/233627"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=233621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=233621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=233621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}