Round Hill Music acquires Canada-dependent indie tunes company Linus Entertainment

Spherical Hill New music LP has introduced its acquisition of Canadian unbiased audio business Linus Leisure, encompassing a assortment of in excess of 3,000 music and 20,000 learn recordings.

The deal involves Linus Entertainment’s music recording and publishing catalogs, including all those of Borealis Documents, Mummy Dust Music Ltd, Strong Gold Documents, Stony Simple Information, The Children’s Team, and Correct North Records.

The acquisition also addresses the acquire of distribution organization Independent Digital Licensing Agency Inc (IDLA), according to a push release on Tuesday (August 22).

Linus Amusement was founded in 2000 by Geoff Kulawick, previous Virgin Data A&R director and Warner Chappell Publishing Imaginative Director. He also served as a founding board member of MERLIN and on the board of CIMA for around a ten years.

Linus Leisure retains the special rights to a selection of well known recordings spanning rock, blues, folk, jazz, and world artists.

Serving as an indie history label, distributor and new music publisher, Linus Entertainment’s artists incorporate Significant Wreck, whose 1997 debut album obtained double platinum certification, Canadian Hall of Fame inductee Bruce Cockburn, BAFTA, Golden Globe, and Academy Award winner Buffy Sainte-Marie, attained blues rock artist Colin James, Gordon Lightfoot, Natalie MacMaster, Ronnie Earl and the Broadcasters, folks musician Stan Rogers, and Grammy-profitable blues musician Taj Mahal.

“This investment decision consists of some of the most celebrated tunes and performers to occur out of Canada and supports our technique of investing in and supporting the growth of legendary new music.”

Josh Gruss, Round Hill Songs LP

The acquisition was executed on behalf of Round Hill New music Royalty Fund III LP, 1 of Round Hill Music’s personal equity cash.

In 2022, Spherical Hill explained it had spent additional than $200 million across 40 acquisitions. Its string of purchases led to a 32% once-a-year bounce in earnings in 2022 to $32.4 million.

Spherical Hill Tunes a short while ago acquired the remaining share of the catalog of songs publishing legal rights of Major Loud Shirt Industries, bringing its possession of the place new music catalog up to 100%.

“Having constructed Linus Enjoyment up around the earlier two a long time, now is the correct time for us to hand the reins around to a lover that we know will oversee it with passion and treatment.”

Geoff Kulawick, Linus Entertainment

Commenting on the acquisition of Linus Amusement, Josh Gruss, CEO at Spherical Hill Audio LP, reported: “This financial commitment incorporates some of the most celebrated songs and performers to arrive out of Canada and supports our tactic of investing in and supporting the progress of iconic songs.”

“The prospect Linus Enjoyment introduced to us was certainly a 1 off and we are incredibly psyched to have these incredible Canadian artists provided in the Round Hill secure.”

Geoff Kulawick, Founder of Linus Entertainment, included: “Having designed Linus Enjoyment up around the previous two decades, now is the right time for us to hand the reins over to a husband or wife that we know will oversee it with passion and treatment. Round Hill has a solid track record with an great group and we are self-confident that the business and, importantly, the new music, is in fantastic arms from right here.”

Linus Entertainment was represented by Birchmount Capital Associates Inc, Sheppard Brown and Stikeman Elliott in the acquisition, although Selverne Bradford PLLC acted on behalf of Round Hill Songs.

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