It's Business As Usual With Linus Ent. Asset Sale To Round Hill
The deal involves Linus Entertainment’s music recording and publishing catalogues, including those of Borealis Records, Mummy Dust Music Ltd, Solid Gold Records, Stony Plain Records, The Children’s Group, and True North Records.
By FYI Staff
U.S.-based private equity firm Round Hill Music LP has announced its acquisition of Canadian independent music firm Linus Entertainment, encompassing a collection of over 3,000 songs and 20,000 master recordings.
The deal involves Linus Entertainment’s music recording and publishing catalogues, including those of Borealis Records, Mummy Dust Music Ltd, Solid Gold Records, Stony Plain Records, The Children’s Group, and True North Records.
The acquisition also covers the purchase of the distribution company Independent Digital Licensing Agency Inc (IDLA).
Linus founder Geoff Kulawick will maintain all operations of the Ontario-based company and continue with his staff of 10 employees.
Serving as an indie record label, distributor and music publisher, Linus Entertainment’s artists include Big Wreck, whose 1997 debut album achieved double platinum certification, Canadian Hall of Fame inductee Bruce Cockburn, BAFTA, Golden Globe, and Academy Award winner Buffy Sainte-Marie, blues rocker Colin James, Gordon Lightfoot, Natalie MacMaster, Ronnie Earl and the Broadcasters, folk musician Stan Rogers, and Grammy-winning blues musician Taj Mahal.
Its more recent roster of acts includes albums by songwriter Marc Jordan, fiddler Natalie MacMaster, CanAmerican rock band Big Wreck, Canadian Brass, jazzist Sophie Milman, (Gordon Lightfoot's daughter) Meredith Moon, celebrated Canadian folk singer Lynn Miles, and Canadian blues and country artist Crystal Shawanda.
Round Hill's extensive and lucrative song catalogues assets also include other works by such notable Canadians as Triumph, Eddie Schwartz, Shawn Hook, Bruce Cockburn, and Jim Vallance, who had a long string of hits co-writing with Bryan Adams in the late '70s through 1989.
