Updated: The merger of Digital Music Group (NSDQ: ORCD) with indie music provider The Orchard has been approved by overwhelming ratio—99 percent—after a shareholders vote today, reports Bizjournals. Orchard CEO Greg Scholl will lead the combined company, which will be headquartered in New York City. The company’s trading symbol on Nasdaq will also change from DMGI to ORCD. The combined business will all be conducted under the name “The Orchard.”

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Original post: Online music distributor Digital Music Group did Q3 revenue of $3.08 million, compared to $1.2 million last year, according to a 10-Q filed this morning. The company, which is in the process of merging with The Orchard, also saw its losses expand to $1.3 million from $848K, although this quarter includes $598K in merger-related costs. In the filing, the company indicated that a vote on the Orchard merger is taking place today (we’ll update on the results) and that shareholders will be asked to approve a reverse stock split for NASDAQ listing purposes. Some highlights:

—Total music downloads for the company hit 2.8 million in the quarter, up from last year’s 1.36 million, as the company has expanded its catalog of available tracks.
—Mobile distribution revenue was virtually flat at $444K, while subscription revenue grew to $499K from $107,000.
—The company’s newly launched video content service is still in market testing and did revenue of $25K. So far the company has delivered 5,000 episodes of video content to 17 online and mobile video retailers.
—Apple’s (NSDQ: AAPL) iTunes accounted for 59 percent of revenue, down from 78 percent last year.