The story
The label was co-founded by Josh Deutsch and Terence Lam in 2006 and grew to become Downtown Music with publishing, licensing, music services and Songtrust. In 2013 Downtown Records was purchased outright by its original co-founders and now operates fully independent. The label's music was distributed by Sony Music's RED Distribution and Cooperative Music. It is now distributed by Interscope Records/Universal Music Group (now Geffen Records).
In addition to the sister label, Mercer Street Records, Downtown has label partnerships with Dim Mak Records, Fool's Gold Records and Mad Decent.
Downtown Records also operates Downtown Events – a festival and concert promotion company that produces The Downtown Music Festival.
From Wikipedia’s article on Downtown Music, shared under CC BY-SA 4.0.4