Nettwerk Music Group Acquires Bumstead Records
Nettwerk Music Group (Nettwerk) and Bumstead Productions (Bumstead) today 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.
About Nettwerk Music Group Inc.
Nettwerk Music Group (NMG) is the umbrella company for Nettwerk Records, Nettwerk Management and Nettwerk One Publishing. Nettwerk connects music fans with music makers. From launching the careers of Sarah McLachlan and Coldplay to developing artists like fun., Passenger, Family of the Year, Morgan Page and Wanting, Nettwerk continues its 30 year history of tenacity, innovation and ingenuity. As a worldwide organization, NMG offers its clients a wide range of services in the business of music while ensuring the artist remains the creative center.
About Bumstead Productions
Launched in 1979 out of Larry’s Homestead Recorders studios in Edmonton, Alberta, Bumstead immediately distinguished itself with trailblazing releases by cutting-edge artists like k.d.lang and the Modern Minds, featuring Moe Berg. Other past marquee clients have included Susan Aglukark, Big Sugar, the Blue Shadows (featuring Billy Cowsill), Colin James and Madeleine Peyroux. Continuing operations under the Bumstead banner, Larry will manage and publish a roster of recording artists, including The Trews, Tim Chaisson and Poor Young Things.
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