Chrysalis Recordings Acquires Lucinda Williams, Grant Lee Buffalo Catalogs From Warner Music Group
Chrysalis Recordings, the recording arm of Blue Raincoat Music, has acquired the catalogs ofA Lucinda Williams,A Grant Lee Buffalo,A Dario G,A The Swinging Blue JeansA andA Toumani DiabatA A from Warner Music Group.
AsA first reportedA byA Music Week, the deal is part of aA divestment agreementA that WMG signed with trade bodies IMPALA and Merlin in February 2013, in response to the majora s $765 millionA acquisitionA of Parlophone Label Group (which included the original U.K. Chrysalis catalog). As part of the agreement, WMG allowed independent music companies to buy, license or distribute the revenue equivalent of 25 percentA to 33 percentA of Parlophonea s total sales in WMG assets.
Blue RaincoatA acquired Chrysalis backA from WMG in June 2016A and brought one of its original co-foundersA Chris WrightA back on board as chairman to revamp the business. In a statement at the time, Wright expressed his excitement not only to run [Chrysalis] as an independent, but also to revitaliz[e] the catalogue for the digital age.
Todaya s announced acquisitions seem to be pointing in the right direction. Williams’ continued success points in part to the power of film and TV in enduring catalog sales: while the singerA has been actively recording for nearly 40 years, sheA appearedA on theA Rock Digital SongsA chart for the first time in February 2015 — thanks to a sync placement in the Showtime seriesA The AffairA — andA embarkedA on a two-month national tour in spring 2016.
Shea s just as relevant now as she ever was, Blue Raincoat CEOA Jeremy LascellestoldA Music Week. Shea s a very active current artist …A the idea is to work very closely with her and her manager on how we can help them to tie in with different campaigns. For us, ita s great to be in the Lucinda Williams business.
DiabatA A marks Chrysalis’ first world music acquisition, signaling the company’s increasingly global ambitions. The kora virtuosoA last hitA No. 8 on theA World Albumschart in 2014 withA Toumani & Sidiki, the album he recorded in collaboration with his sonA SidikiA DiabatA .
In contrast, both Grant Lee Buffalo and Dario G last charted in the ’90s, and The Swinging Blue Jeans havena t charted since the ’60s. This hasn’t deterred Lascelles, whoA seesA powerfulA potential inA high-qualityA reissues and catalog revivals amidst the continued rise of streaming and sync revenue.
I think those albums have been kind of neglected, saidA Lascelles, adding that the members of Grant Lee Buffalo in particular were excited at the idea of getting into business with someone who pays those records some attention and gets them reissued in nice formats, to remind people of what an important band they are.
Chrysalis and Blue Raincoat did not immediately respond toA Billboarda s request for comment.