Reservoir Media has acquired UK dance and electronic label New State.
The deal includes New State’s entire recorded music catalogue of over 13,000 tracks by artists, such as Zero 7, The Beloved, Paul Oakenfold, Dirty Vegas, D:Ream, Double Trouble, Rebel MC and Congo Natty.
The acquisition will also see Reservoir continue to market and release new music by New State artists via Reservoir-owned Chrysalis Records.
New State was co-founded in London by CEO Tom Parkinson, who has led the company with A&R and marketing director Tim Binns and chief financial officer Mike Jones since the mid-1990s. The label has been at the forefront of dance and electronic music across house, drum & bass, UK garage, techno, trance and progressive house.
As well as acts including Zero 7, The Beloved, DJ and producer Paul Oakenfold, Dirty Vegas and D:Ream, New State has also released albums and single projects by artists such as Ryan Blyth, Freejak, Guru Josh Project, Paul Van Dyk, Ku De Ta and Drumsound & Bassline Smith among others.
These are bolstered by a variety of catalogue, label and repertoire deals such as Degrees Of Motion, The Original, Double Trouble, Congo Natty, Rebel MC, Catch Records, A-Rec/Blue Amazon and Arthur Baker’s Criminal/Minimal imprints.
We are well-positioned to elevate this incredible catalogue, while also continuing to release new music through New State to push the brand forward
Rell Lafargue
New State is Reservoir’s latest addition to its recorded music division and will sit alongside other independent labels, including Chrysalis Records, Tommy Boy Music, Philly Groove Records and Easy Street Records, among others.
Several legacy New State artists will now be marketed and promoted by Chrysalis Records in London, while the New State label will continue to operate, signing and releasing new music from electronic and dance artists under the existing brand.
Rell Lafargue, Reservoir president and chief operating officer, said: “Acquiring New State is an exciting opportunity to expand our recorded music business with yet another long-standing, high-quality independent label and showcase our ongoing commitment to championing independent music. With the global reach of our Chrysalis Records team now supporting New State's legacy artists, we are well-positioned to elevate this incredible catalogue, while also continuing to release new music through New State to push the brand forward.”
In a statement, New State CEO Tom Parkinson and A&R/marketing director Tim Binns said: “We’re delighted to do this deal with Reservoir and Chrysalis, which will enable New State to continue working with the incredible artists and their teams, further solidify the close working relationships already in place and ultimately grow the repertoire bases in a closely curated and mutually beneficial way.”
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