{"id":69397,"date":"2019-08-29T20:23:19","date_gmt":"2019-08-29T19:23:19","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=69397"},"modified":"2019-08-29T20:43:41","modified_gmt":"2019-08-29T19:43:41","slug":"the-iconic-chrysalis-records-has-a-new-home-at-fast-growing-reservoir","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/the-iconic-chrysalis-records-has-a-new-home-at-fast-growing-reservoir\/","title":{"rendered":"The iconic Chrysalis Records has a new home – at fast-growing Reservoir"},"content":{"rendered":"

Chrysalis Records, one of the most important independent record labels in history, has a new parent company, MBW can reveal.<\/p>\n

New York-based rights company Reservoir \u2013 best known to date for its music publishing operation<\/a> \u2013 has struck a deal to bring UK-based music company Blue Raincoat Music and its subsidiary, recorded music company Chrysalis, into its portfolio of offerings.<\/p>\n

The deal includes master rights to Chrysalis Records\u2019 entire catalog of hits, including Sinead O\u2019Connor\u2019s Nothing Compares 2 U<\/em>, Generation X\u2019s Dancing With Myself<\/em>, and more.<\/p>\n

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Founded in 2014 by former Chrysalis Music CEO Jeremy Lascelles and Grammy-winning record producer Robin Millar, Blue Raincoat Music is home to a standalone operating record label that houses the Chrysalis Records catalog.<\/p>\n

Chrysalis Records represents over 20,000 recordings comprised of many iconic British and American rock and pop tracks from the 1960s to 1990s.<\/p>\n

In addition to Sinead O\u2019 Connor and Generation X, the catalog, previously acquired by Blue Raincoat through divestment from Warner Music Group in 2016<\/a>, includes recordings performed by the likes of The Specials (pictured), Debbie Harry, Suzi Quatro, Lucinda Williams, The Waterboys, Ultravox, and Everything But The Girl, among many others.<\/p>\n

Lascelles and Millar will maintain their positions running the Chrysalis Records label, as well as Blue Raincoat\u2019s day-to-day business operations, including overseeing a staff of nearly two dozen based in London.<\/p>\n

Blue Raincoat\u2019s management and publishing arms are not changed by this deal and will continue to operate separately under its existing structure led by Lascelles and Millar.<\/p>\n

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“Reservoir is committed to being a full-service music company, bringing the highest-quality and most diversified offerings to our growing roster of songwriters and artists.”<\/p>\n

Golnar Khosrowshahi, Reservoir<\/span><\/p><\/blockquote>\n

\u201cReservoir is committed to being a full-service music company, bringing the highest-quality and most diversified offerings to our growing roster of songwriters and artists,\u201d Reservoir Founder and CEO Golnar Khosrowshahi told MBW.<\/p>\n

\u201cFrom the first meeting with Robin and Jeremy, it was evident that we had found the right partners to expand into the independent label business.\u201d<\/p>\n

\u201cIt goes without saying that this is a turning point at Reservoir and we are thrilled to be working with Robin, Jeremy, and the entire Chrysalis team towards the seamless integration of our two companies,\u201d added Reservoir President and COO, Rell Lafargue.<\/p>\n

\u201cGiven Reservoir\u2019s platform and resources, we saw an immediate opportunity to bring all the synch work in-house and have already secured significant noteworthy synchs with Fidelity Investments, Lionsgate\u2019s 3 From Hell and FX\u2019s Pose.<\/p>\n

“Our dedicated YouTube team has ingested the Chrysalis catalog and will work with the Chrysalis marketing team to build and improve on the revenues realized in this area. As we manage this integration process, we will all look to take advantage of the diverse expertise that each company brings to the table to enhance value for all of our talent, songwriters and artists alike.\u201d<\/p>\n

“It goes without saying that this is a turning point at Reservoir.”<\/p>\n

Rell Lafargue, Reservoir<\/span><\/p><\/blockquote>\n

Speaking to MBW earlier today, Millar explained: \u201cThe choice was an easy one on both sides. We each have huge respect for the other\u2019s great team and how they operate. The shared dedication to supporting independent music with a global reach made the joining up the businesses ideal, with like-minded individuals and two companies respectively looking to expand their platforms and service offerings.<\/p>\n

“Our relationship with Kobalt\/AWAL<\/a> is still in place for distribution and we will look to reignite that relationship with our new partners in Reservoir.\u201d<\/p>\n

Lascelles further noted, \u201cWe are very excited to explore ways in which both companies can benefit from each other\u2019s skills, knowledge, and experience and we believe this is a fantastic opportunity for Blue Raincoat, Chrysalis Records, and Reservoir as we collectively look to harness the growth in the music business, take advantage of our shared expertise, and forge ahead with a comprehensive offering for our joint roster of artists and songwriters.\u201d<\/p>\n

It is understood that Chris Wright, the original co-founder of Chrysalis Records, has relinquished his role as Director of the company following the Reservoir deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

Over 20,000 recordings joins Reservoir in ‘turning point’ for NYC-based company<\/p>\n","protected":false},"author":3,"featured_media":69398,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[2493,87419,2854],"class_list":["post-69397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chrysalis-records","tag-crysalis","tag-reservoir"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/69397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=69397"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/69397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/69398"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=69397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=69397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=69397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}