Reservoir Media has signed a wide-ranging deal with independent record label Fool’s Gold Records.
The agreement sees Reservoir acquire the catalogue master rights of the label’s artists A-Trak, Danny Brown, Grande Marshall, The Brothers Macklovitch and Low Pros. Reservoir will also exclusively market and distribute all other recordings on Fool’s Gold, including future releases, via the Reservoir label platform.
Founded in 2007 by DJs A-Trak (Alain Macklovitch), Nick Catchdubs (Nick Barat), musician Dave 1 (David Macklovitch) and the late Dust La Rock (Joshua Prince), the Brooklyn-based Fool’s Gold covers dance, electronic and hip-hop music.
The label’s early success came from releases by Kid Cudi, Kid Sister, Flosstradamus, Danny Brown (with songs including Grown Up and 25 Bucks), as well as A-Trak’s own music.
In 2010, his duo Duck Sauce released the viral hit single Barbra Streisand, which reached No.3 in the UK and No.1 on Billboard’s Dance Club Songs chart. It earned a Grammy nomination for Best Dance Recording.
A-Trak’s solo work included a remix of Yeah Yeah Yeahs’ Heads Will Roll and his own singles including Ray Ban Vision, Believe, DJ’s Gotta Dance More, and My Own Way. The Fool’s Gold catalogue also includes releases by Treasure Fingers, Hoodboi, Tommy Trash, Falcons, G-Worthy, Malaa and Michael Christmas.
The deal was facilitated by Fool’s Gold’s chief financial officer Jorge Mejias, label manager Nathaniel Heller and A-Trak’s management team at TMWRK.
Fool’s Gold joins Reservoir’s recorded music division alongside independent labels Chrysalis Records, Tommy Boy Music and the newly acquired New State, among others. It will be marketed and distributed through Reservoir’s label platform.
As part of the deal, Reservoir will also now distribute A-Trak & Friends, a new sub-label of Fool’s Gold featuring music by A-Trak and several other artists.
A-Trak said: “I’ve been thoroughly impressed by Reservoir ever since the first time we all spoke. Everyone at the company has a deep passion for quality music. A big part of what’s helped Fool’s Gold navigate 18 years in the music biz is staying very nimble and malleable. Reservoir was able to craft a creative deal with us that showed real agility – that’s exactly what we were looking for in a new partner.”
Rell Lafargue, Reservoir president and chief operating officer, added, “As both founder and artist, A-Trak has built Fool’s Gold into a genre-blurring label that has been at the forefront of hip-hop, house, and everything in between for nearly two decades. We’re proud to welcome A-Trak, Fool’s Gold, and its artists into the Reservoir family as we continue to champion culturally significant independent music.” He continued, “This multifaceted deal also highlights Reservoir’s ongoing expansion in recorded music and our team’s ability to deliver across the full spectrum of the music business.”
PHOTO: (L-R) Reservoir president & COO Rell Lafargue and Fool’s Gold co-founder A-Trak
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