Business News Deals Labels & Publishers

Bicycle buys Wind-Up catalogue

By | Published on Friday 1 November 2013

Bicycle Music

American music rights firm Bicycle Music has acquired the catalogue of US indie Wind-Up Records, which includes recordings by the likes of Creed, Evanescence and Alter Bridge. The newly acquired recordings will be marketed and distributed by Concord Music Group, which is owned by the same equity vehicle as Bicycle.

Wind-Up will continue to operate as normal working with its current roster of acts, despite giving up the rights in its catalogue. The label’s CEO Ed Vetri told reporters: “Wind-up will continue, we have signed a bunch of new bands; the staff will stay as is; and we will continue to be distributed by Sony Music Entertainment. The artist roster is strong and the future is bright for Wind-Up”.

According to Billboard, Vetri also said of the deal: “It was time for Wind-Up to sell our historical successes and move onto a new business model which emphasizes developing up-and-coming alternative music leaning artists at the label, which some are now informally referring to as ‘Wind-Up 3.0′”.

Speaking for Bicycle Music, the company’s co-President Steve Salm told reporters: “The acquisition of Wind-Up’s seminal catalogue marks a record high investment year for the Bicycle Music Co, with more to come before 2013 closes out”.

As previously reported, earlier this year Bicycle acquired the label owned by Offspring frontman Dexter Holland, Nitro records.