New York, NY. Alliance Entertainment said yesterday that it has completed the previously announced purchase of Red Ant Entertainment from its principals, Wasserstein Perella and Al Teller. Teller has become Alliance’s co-chairman, president and chief executive officer.
Red Ant Entertainment is a Los Angeles-based record label currently building a roster of alternative, urban contemporary and country artists.
London, UK. Late last week, PolyGram announced that it had bought London-based Go!Discs. The label’s lineup includes top-selling British singer Paul Weller. PolyGram already owned a 49 percent stake in Go!Discs, and purchased the label outright in this move. Andy Macdonald, founder and managing director of Go!Discs, will leave the company.
Go!Discs has a reputation for turning raw British pop acts into chart successes at home and abroad. Besides Weller, a solo artist who is also known for his work with The Jam and The Style Council in the 1980s, Go!Discs’ attractions include The Beautiful South, Portishead and Gabrielle.
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