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Label News (more headlines) 02-22-2014

Nettwerk Music Group Acquires Bumstead Records

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Nettwerk Music Group (Nettwerk) and Bumstead Productions (Bumstead) announced a definitive agreement under which Nettwerk has acquired the recording assets and label operations of Bumstead.

Bumstead is one of a few Canadian independent music businesses founded over 30 years ago with a strong pedigree of developing successful Canadian artists. Under the deal, Nettwerk is acquiring the copyrights to such legacy Canadian recording artists as k.d. lang, Glen Stace, Colin James and John Ford, as well as recent releases from The Trews, Tim Chaisson, Two Hours Traffic, Yukon Blonde and Poor Young Things.

Bumstead founder Larry Wanagas will retain the name Bumstead and continue to independently run the publishing and artist management business of Bumstead under the Bumstead banner.

Nettwerk co-founder and CEO Terry McBride comments, "We are thrilled to add Bumstead's impressive roster of influential Canadian recording artists to the Nettwerk family. As a company, we are always looking to expand our diverse roster with quality catalogue."

"My focus has always been primarily on management. It's what I enjoy most and do best. It's where I have had my greatest success. Nettwerk have vision, commitment and will work hard to uphold the legacy of these important master recordings," says Larry Wanagas.


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