As reported last week, The Butterfly Group, founded by Christian music industry veteran George King, multi-platinum recording artist Bob Carlisle and Michael Rinaldi, has purchased Newport Beach, California's Diamante Media Group, the Christian music industry's top independent distributor, for an undisclosed sum. As part of the acquisition, the Butterfly Group's Christian Records, Gospel One Records, Flying Leap Records, and Butterfly Kids will gain CBA distribution via Diamante. In addition, Diamante will retain distribution agreements with many of its existing clients, including Discovery House Music, Grapetree Records, Seventh Street Records, and Bettie Rocket Records, among others. Conine will continue as Diamante's president, under a long-term agreement.

The Butterfly Group's Christian Records unveiled its initial releases during last week's CBA International Convention in Anaheim, California. Following the previously announced signing of Russ Lee as Christian Records' label debut, the Butterfly Group also announced the signing of Bob Carlisle to an exclusive recording agreement with Christian Records. In addition, Christian Records announced the signing of Rick Muchow, who has "a new sound in contemporary praise and worship."