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Fierce Panda Records

Full company profile

uuid000vtta

Namestring
Fierce Panda Records
Legal namestring
Fierce Panda Records
Company typeenum
Private
Founded yearint
1994
Descriptiontext

Fierce Panda Records is an independent record label founded in 1994 by Simon Williams and headquartered at 1s Leroy House, 436 Essex Road, London. The label records and releases music for emerging indie and alternative artists across multiple physical and digital formats, including 7", 10", and 12" vinyl (often in limited coloured editions), CDs, cassettes, and digital singles, EPs, and albums. Its catalog of over 220 singles and 60 albums spans three decades and includes early releases from now-prominent acts such as Coldplay, Ash, Keane, and Death Cab For Cutie. Distribution occurs through the label's own e-commerce shop, Bandcamp, Spotify, Soundcloud, independent record stores (including Rough Trade), and direct sales at live events.

The company's business model is built on unit-pricing of physical and digital music releases (£2.99-£20.00), merchandise sales (including the 'Panda grunge tee' and the 'Pandamonium!' book by Simon Williams), and small-scale live event revenue. The go-to-market motion is community-led: artist discovery occurs via demo submissions and live show scouting, with subsequent development through the annual Pandamonium festival, monthly Club Panda nights at The Lexington, and festival circuit appearances (SXSW, The Great Escape, Latitude, Y Not). Pricing is largely transactional and consumer-direct, with freemium/pay-what-you-like options on certain digital releases and compilations. The label's customer segments are emerging indie/alternative artists (B2B-side) seeking distribution and A&R support, and indie music fans (B2C-side) purchasing physical and digital releases.

The label has no proprietary technology platform, no AI/ML capabilities disclosed, and operates without external institutional funding. Strategic activity centers on catalog reissue monetization (e.g., Coldplay 'Brothers & Sisters' 25th Anniversary Edition, 2024), new artist signings, and expansion of the festival ecosystem through partner label collaborations (Hideous Mink, Goo Records, End of the Trail, Club Fandango, Alcopop Records).

Short descriptiontext

Fierce Panda Records is a London-based independent record label, founded in 1994, that releases vinyl, CD, cassette, and digital music for emerging indie and alternative artists, complemented by live events, merchandise, and catalog reissues.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
independent record label, indie music releases, vinyl records, music distribution, artist development
Industry2 codes
1Record Labels (Major & Independent)
CodeMPAIAAAAPrimaryYes
2Music Festival Organizers & Promoters
CodeMPAGAAABPrimaryNo
NAICS code2 codes
  • Record Production and Distribution51225
  • Record Production and Distribution512250
SIC code1 code
  • Phonograph Records & Prerecorded Audio Tapes & Disks3652
Product category
Independent Record Label
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Physical Music Sales
TypeOne Time License
Description

Sale of physical music formats including vinyl records (7", 10", 12"), CDs, and cassette tapes. Products are sold through the company's e-commerce website and at live shows. Price points range from approximately £7.99 for vinyl singles to £20 for deluxe coloured vinyl albums.

fiercepanda.co.uk
2Digital Music Sales
TypeOne Time License
Description

Digital singles, EPs, and albums sold through Bandcamp, Spotify, and direct digital downloads. Digital releases typically priced between £2.99 and £10.99.

fiercepanda.co.uk
3Merchandise
TypeOne Time License
Description

Sale of branded merchandise including t-shirts (such as the 'Panda grunge tee'), the 'Pandamonium! How Not To Run A Record Label' book, and other branded items.

fiercepanda.co.uk
4Live Events
TypeTransaction Fee
Description

Revenue generated from live events including Pandamonium festivals and Club Panda monthly nights at venues like The Lexington in London. Some events are free entry with others priced around £7.00.

fiercepanda.co.uk
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Pricing details9 tiers
1Vinyl Records - Double 7"
ModelUnit PricingBilling cadencePay-as-you-go
Notes

£20.00 - Examples include Coldplay 'Brothers & Sisters' 25th Anniversary Edition gatefold double colour BioVinyl

fiercepanda.co.uk
2Vinyl Records - Standard 7"
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Approximately £10.00 - Examples include The Manatees 'Better Way To Think Of It // The Sound'

fiercepanda.co.uk
3Vinyl Albums - 12" Colour
ModelUnit PricingBilling cadencePay-as-you-go
Notes

£15.00-£20.00 - Examples include Art Brut 'Bang Bang Rock & Roll' remastered at £15.00, Solar Eyes coloured LP at £20.00

fiercepanda.co.uk
4CD Albums
ModelUnit PricingBilling cadencePay-as-you-go
Notes

£8.99-£12.00 - Examples include Ash 'Race The Night' Expanded Album at £12.00, various releases at £8.99

fiercepanda.co.uk
5Digital EPs
ModelUnit PricingBilling cadencePay-as-you-go
Notes

£2.99-£3.00 - Examples include Bag Of Cans 'Favourite Shirt EP' at £2.99, Sasha Assad 'Tearstick EP' at £3.00

fiercepanda.co.uk
6Digital Albums
ModelUnit PricingBilling cadencePay-as-you-go
Notes

£8.00-£10.99 - Examples include China Bears 'Participation Trophy' at £8.00, Desperate Journalist 'No Hero' at £10.99

fiercepanda.co.uk
7Cassette Releases
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Available for certain releases such as China Bears 'Participation Trophy'

fiercepanda.co.uk
8Digital Singles
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Pay-what-you-like option available for certain releases; Wynona Bleach 'Swim In The Bay' at £0.79

fiercepanda.co.uk
9Compilation 'Please Look After This Bear Too'
ModelFreemiumBilling cadencePay-as-you-go
Notes

Pay-what-you-like pricing for the fierce panda compilation

fiercepanda.co.uk
GTM typeB2C
B2C
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

Fierce Panda Records is an independent record label that records, releases, and distributes music from emerging and established indie/alternative artists across multiple physical and digital formats including vinyl, CD, cassette, and digital downloads and streams. The label also organizes live music events and operates an online shop selling its catalog directly to consumers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Coldplay's 'Brothers & Sisters' EP reached UK #92 in 1999 and the 25th Anniversary reissue was released in 2024, demonstrating the enduring value of the label's catalog.
+1 more record
Product overview1 text field

Fierce Panda Records is an independent record label founded in 1994, operating as a single unified offering that releases music across multiple physical and digital formats. The label's core products include vinyl releases (in 12", 10", and 7" formats with colour variants), CD albums, digital singles and EPs, and cassette tapes. The portfolio encompasses new releases for signed artists alongside a deep catalog of reissues and anniversary editions. Beyond recorded music, the label organizes live events including the Pandamonium festival series and Club Panda monthly nights, and publishes books chronicling the label's history. Distribution occurs through the label's own shop (fiercepanda.co.uk/shop.php), third-party platforms including Bandcamp, and digital services such as Orcd.co and Spotify.

Product and service1 record
1Vinyl Record Releases
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
1Hideous Mink
Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2025-01-07
Description

Collaborating on Day 4 of Pandamonium '25 festival at The Victoria in Dalston. Hideous Mink is a leftfield music collective/label that hosted the event showcasing artists like Ideal Living and Sodden Pelt.

fiercepanda.co.uk
2Goo Records
Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2025-01-07
Description

Partnered for Day 6 of Pandamonium '25 festival. Goo Records is an independent label/community involved in presenting the final day of the festival featuring Owners Club, New Commercial Product, and Flip Beckmann.

fiercepanda.co.uk
3End of the Trail
Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2025-01-07
Description

Collaborated on Day 3 of Pandamonium '25 festival featuring special guests China Bears. End of the Trail is an independent label/music organization.

fiercepanda.co.uk
Strategic tierMinorTypeOthersAnnounced on2025-01-07
Description

Fierce Panda head honcho Simon Williams became an ambassador for Tonic Music, a charity seeking to establish good mental health within music communities. Tonic Music has a physical presence at all six Pandamonium '25 shows.

5Club Fandango
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Club Panda monthly nights now take place under the auspices of Club Fandango at The Lexington venue in London. This is a long-standing partnership for indie music events.

fiercepanda.co.uk
6Alcopop Records
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Joint release partnership with Alcopop Records for Art Brut's 'Bang Bang Rock & Roll' remastered album (2020). Both labels share distribution for this release.

fiercepanda.co.uk
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Larger UK independent label with broader portfolio across multiple genres. While XL is significantly larger and more commercial, it shares the same London indie scene and serves as a 'next step' for artists who outgrow Fierce Panda's scale.

TypeDirect peer
Description

Major UK independent label with similar indie/alternative focus, comparable artist roster and physical+digital distribution model. Both are London-based indies serving emerging indie/alternative artists.

TypeDirect peer
Description

US independent label with comparable indie/alternative genre focus and similar artist development orientation. Both serve as boutique labels with strong catalog heritage and physical format emphasis.

TypeDirect peer
Description

US independent label with similar indie/alternative genre focus, comparable majors-indie origin stories (Death Cab For Cutie released on both Sub Pop and Fierce Panda), and 30+ year operating history. Both operate as boutique indie labels with strong catalog reissue programs.

5Alcopop Records
TypeDirect peer
Description

UK independent label that has partnered with Fierce Panda on joint releases (Art Brut's Bang Bang Rock & Roll). Comparable boutique scale, indie/alternative roster, and similar physical format releases.

64AD
TypeDirect peer
Description

UK independent label with comparable artist development focus, indie/alternative roster, and physical format emphasis. Both serve similar emerging artists and represent long-running indie A&R propositions.

TypeDirect peer
Description

Iconic UK independent record label founded in 1978, closely comparable to Fierce Panda in its indie/alternative focus, physical music retail presence (Rough Trade shops), and artist development heritage. Fierce Panda explicitly distributes through Rough Trade shops.

TypeDirect peer
Description

UK independent label with comparable 30+ year operating history and similar genuine indie ethos. Both are boutique UK indies with strong catalog value and physical+digital distribution.

TypeDirect peer
Description

London-based UK independent label with similar indie/alternative focus, comparable scale, and similar artist development approach. Both are boutique UK indies focused on guitar-based indie/alternative music with physical format emphasis.

TypeDirect peer
Description

UK independent label with similar indie/alternative focus and similar boutique scale. Both are London-based indies serving emerging talent with physical+digital release strategy.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers15 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Fierce Panda Records

Independent Record Labelfiercepanda.co.uk

Fierce Panda Records is a London-based independent record label, founded in 1994, that releases vinyl, CD, cassette, and digital music for emerging indie and alternative artists, complemented by live events, merchandise, and catalog reissues.

What Fierce Panda Records does

Fierce Panda Records is an independent record label founded in 1994 by Simon Williams and headquartered at 1s Leroy House, 436 Essex Road, London. The label records and releases music for emerging indie and alternative artists across multiple physical and digital formats, including 7", 10", and 12" vinyl (often in limited coloured editions), CDs, cassettes, and digital singles, EPs, and albums. Its catalog of over 220 singles and 60 albums spans three decades and includes early releases from now-prominent acts such as Coldplay, Ash, Keane, and Death Cab For Cutie. Distribution occurs through the label's own e-commerce shop, Bandcamp, Spotify, Soundcloud, independent record stores (including Rough Trade), and direct sales at live events.

The company's business model is built on unit-pricing of physical and digital music releases (£2.99-£20.00), merchandise sales (including the 'Panda grunge tee' and the 'Pandamonium!' book by Simon Williams), and small-scale live event revenue. The go-to-market motion is community-led: artist discovery occurs via demo submissions and live show scouting, with subsequent development through the annual Pandamonium festival, monthly Club Panda nights at The Lexington, and festival circuit appearances (SXSW, The Great Escape, Latitude, Y Not). Pricing is largely transactional and consumer-direct, with freemium/pay-what-you-like options on certain digital releases and compilations. The label's customer segments are emerging indie/alternative artists (B2B-side) seeking distribution and A&R support, and indie music fans (B2C-side) purchasing physical and digital releases.

The label has no proprietary technology platform, no AI/ML capabilities disclosed, and operates without external institutional funding. Strategic activity centers on catalog reissue monetization (e.g., Coldplay 'Brothers & Sisters' 25th Anniversary Edition, 2024), new artist signings, and expansion of the festival ecosystem through partner label collaborations (Hideous Mink, Goo Records, End of the Trail, Club Fandango, Alcopop Records).

Fierce Panda Records firmographics

Firmographics
Name
Fierce Panda Records
Legal name
Fierce Panda Records
Website
https://fiercepanda.co.uk
Company type
Private
Founded year
1994
Operating status
Operating
Headcount range
11–50 employees
Short description
Fierce Panda Records is a London-based independent record label, founded in 1994, that releases vinyl, CD, cassette, and digital music for emerging indie and alternative artists, complemented by live events, merchandise, and catalog reissues.
Ownership category
akta.pro rank

Fierce Panda Records industry classification

Industry
Product category
Independent Record Label
NAICS
Record Production and Distribution (51225), Record Production and Distribution (512250)
SIC
Phonograph Records & Prerecorded Audio Tapes & Disks (3652)
akta.pro primary industry
Record Labels (Major & Independent) (MPAIAAAA)
akta.pro secondary industry
Music Festival Organizers & Promoters (MPAGAAAB)

Keywords

  • Independent record label
  • Indie music releases
  • Vinyl records
  • Music distribution
  • Artist development

Where Fierce Panda Records is headquartered

Location

Headquarters

HQ city
London
HQ country
United Kingdom
HQ region
Europe

Offices1 record

Markets served

Fierce Panda Records business model

Business model
GTM type
B2C
Offering type
Digital Commerce or Content

Revenue model

  1. Physical Music Sales: Sale of physical music formats including vinyl records (7", 10", 12"), CDs, and cassette tapes. Products are sold through the company's e-commerce website and at live shows. Price points range from approximately £7.99 for vinyl singles to £20 for deluxe coloured vinyl albums.
  2. Digital Music Sales: Digital singles, EPs, and albums sold through Bandcamp, Spotify, and direct digital downloads. Digital releases typically priced between £2.99 and £10.99.
  3. Merchandise: Sale of branded merchandise including t-shirts (such as the 'Panda grunge tee'), the 'Pandamonium! How Not To Run A Record Label' book, and other branded items.
  4. Live Events: Revenue generated from live events including Pandamonium festivals and Club Panda monthly nights at venues like The Lexington in London. Some events are free entry with others priced around £7.00.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goVinyl Records - Double 7"
Unit PricingPay-as-you-goVinyl Records - Standard 7"
Unit PricingPay-as-you-goVinyl Albums - 12" Colour
Unit PricingPay-as-you-goCD Albums
Unit PricingPay-as-you-goDigital EPs
Unit PricingPay-as-you-goDigital Albums
Unit PricingPay-as-you-goCassette Releases
Unit PricingPay-as-you-goDigital Singles
FreemiumPay-as-you-goCompilation 'Please Look After This Bear Too'

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Fierce Panda Records product offering

Product offering

Core offering

Fierce Panda Records is an independent record label that records, releases, and distributes music from emerging and established indie/alternative artists across multiple physical and digital formats including vinyl, CD, cassette, and digital downloads and streams. The label also organizes live music events and operates an online shop selling its catalog directly to consumers.

Product overview

Fierce Panda Records is an independent record label founded in 1994, operating as a single unified offering that releases music across multiple physical and digital formats. The label's core products include vinyl releases (in 12", 10", and 7" formats with colour variants), CD albums, digital singles and EPs, and cassette tapes. The portfolio encompasses new releases for signed artists alongside a deep catalog of reissues and anniversary editions. Beyond recorded music, the label organizes live events including the Pandamonium festival series and Club Panda monthly nights, and publishes books chronicling the label's history. Distribution occurs through the label's own shop (fiercepanda.co.uk/shop.php), third-party platforms including Bandcamp, and digital services such as Orcd.co and Spotify.

Differentiator

Problem solved

Functional benefit

Products and services

  • Vinyl Record Releases

Quantifiable outcome

  • Coldplay's 'Brothers & Sisters' EP reached UK #92 in 1999 and the 25th Anniversary reissue was released in 2024, demonstrating the enduring value of the label's catalog.
  • +1 more outcomes

Companies that use Fierce Panda Records

Customer profile

Named customers15 records

Segments2 records

Fierce Panda Records technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Fierce Panda Records partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered minor and core.

  • Hideous MinkminorGTM or Marketing Partner · 7 January 2025Collaborating on Day 4 of Pandamonium '25 festival at The Victoria in Dalston. Hideous Mink is a leftfield music collective/label that hosted the event showcasing artists like Ideal Living and Sodden Pelt.
  • Goo RecordsminorGTM or Marketing Partner · 7 January 2025Partnered for Day 6 of Pandamonium '25 festival. Goo Records is an independent label/community involved in presenting the final day of the festival featuring Owners Club, New Commercial Product, and Flip Beckmann.
  • End of the TrailminorGTM or Marketing Partner · 7 January 2025Collaborated on Day 3 of Pandamonium '25 festival featuring special guests China Bears. End of the Trail is an independent label/music organization.
  • Tonic MusicminorOthers · 7 January 2025Fierce Panda head honcho Simon Williams became an ambassador for Tonic Music, a charity seeking to establish good mental health within music communities. Tonic Music has a physical presence at all six Pandamonium '25 shows.
  • Club FandangocoreStrategic or Co-development PartnerClub Panda monthly nights now take place under the auspices of Club Fandango at The Lexington venue in London. This is a long-standing partnership for indie music events.
  • Alcopop RecordsminorChannel Partner/ Reseller/ DistributorJoint release partnership with Alcopop Records for Art Brut's 'Bang Bang Rock & Roll' remastered album (2020). Both labels share distribution for this release.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Fierce Panda Records competitors and assessment

Company assessment

Broad incumbents

  • XL Recordings: Larger UK independent label with broader portfolio across multiple genres. While XL is significantly larger and more commercial, it shares the same London indie scene and serves as a 'next step' for artists who outgrow Fierce Panda's scale.

Direct peers

  • Domino Recording Company: Major UK independent label with similar indie/alternative focus, comparable artist roster and physical+digital distribution model. Both are London-based indies serving emerging indie/alternative artists.
  • Merge Records: US independent label with comparable indie/alternative genre focus and similar artist development orientation. Both serve as boutique labels with strong catalog heritage and physical format emphasis.
  • Sub Pop Records: US independent label with similar indie/alternative genre focus, comparable majors-indie origin stories (Death Cab For Cutie released on both Sub Pop and Fierce Panda), and 30+ year operating history. Both operate as boutique indie labels with strong catalog reissue programs.
  • Alcopop Records: UK independent label that has partnered with Fierce Panda on joint releases (Art Brut's Bang Bang Rock & Roll). Comparable boutique scale, indie/alternative roster, and similar physical format releases.
  • 4AD: UK independent label with comparable artist development focus, indie/alternative roster, and physical format emphasis. Both serve similar emerging artists and represent long-running indie A&R propositions.
  • Rough Trade Records: Iconic UK independent record label founded in 1978, closely comparable to Fierce Panda in its indie/alternative focus, physical music retail presence (Rough Trade shops), and artist development heritage. Fierce Panda explicitly distributes through Rough Trade shops.
  • Warp Records: UK independent label with comparable 30+ year operating history and similar genuine indie ethos. Both are boutique UK indies with strong catalog value and physical+digital distribution.
  • Bella Union: London-based UK independent label with similar indie/alternative focus, comparable scale, and similar artist development approach. Both are boutique UK indies focused on guitar-based indie/alternative music with physical format emphasis.
  • Transgressive Records: UK independent label with similar indie/alternative focus and similar boutique scale. Both are London-based indies serving emerging talent with physical+digital release strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Fierce Panda Records social profiles

Digital presence

Fierce Panda Records financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Fierce Panda Records leadership team

Management profile

Number of profiles

Fierce Panda Records funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Fierce Panda Records M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fierce Panda Records

What does Fierce Panda Records do?

Fierce Panda Records is an independent record label that records, releases, and distributes music from emerging and established indie/alternative artists across multiple physical and digital formats including vinyl, CD, cassette, and digital downloads and streams. The label also organizes live music events and operates an online shop selling its catalog directly to consumers.

Is Fierce Panda Records a public or private company?

Fierce Panda Records is a private company. It is currently operating.

When was Fierce Panda Records founded?

Fierce Panda Records was founded in 1994. It employs 11 to 50 people.

Where is Fierce Panda Records based?

Fierce Panda Records is headquartered in London, United Kingdom, in the Europe region.

How does Fierce Panda Records make money?

Four revenue lines are on record. Physical Music Sales are the primary driver. The others are digital Music Sales, merchandise and live Events.

Who are Fierce Panda Records's main competitors?

XL Recordings is listed as a broad incumbent. Direct peers are Domino Recording Company, Merge Records, Sub Pop Records, Alcopop Records, 4AD, Rough Trade Records, Warp Records, Bella Union and Transgressive Records.

Does Fierce Panda Records have an API?

No public API is recorded for Fierce Panda Records.

What industry is Fierce Panda Records in?

Fierce Panda Records's product category is Independent Record Label. Its primary akta.pro industry code is MPAIAAAA, Record Labels (Major & Independent), with a secondary code of MPAGAAAB, Music Festival Organizers & Promoters. Its NAICS code is 51225 and its SIC code is 3652.

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