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Business News Deals Labels & Publishers
BMG buys Skint
By Chris Cooke | Published on Monday 7 April 2014
BMG has further expanded its recorded music operations by acquiring Brighton-based dance labels Skint Records and Loaded Records, which includes the worldwide rights, excluding North America, to five Fatboy Slim albums. Other classic recordings from Loaded and Skint by artists like Xpress 2, Freemasons and Lo Fidelity Allstars are also part of the deal.
Confirming the acquisition, BMG Chrysalis UK EVP Alexi Cory-Smith told CMU: “Skint and Loaded are among the most influential and successful UK independent labels and we are delighted to add them to our growing international catalogue of recordings. There is significant potential in particular in the peerless Fatboy Slim catalogue and we will ensure it gets the attention it deserves”.
Meanwhile Loaded/Skint co-founder JC Reid added: “We’re really proud of the legacy of the Skint and Loaded labels, the last 24 years have been exhilarating and we’re now looking forward to new challenges”.