NEW YORK, NY (Hypebot) – Consolidation within the India sector appears to be heating up. Last week Concord acquired the massive Rounder Records catalog and this week E1 Entertainment (formerly Koch) has acquired the rights to more than 25,000 master recordings and a related publishing company from IndieBlu Music Holdings.
IndieBlu was formed in April of 2009 when it bought the assets of Sheridan Square Entertainment at a foreclosure auction. IndieBlu’s roster includes Artemis, V2, Light, Compendia, Vanguard Classic, IndieBlu Records, Spitfire, Tone Cool, Triloka and Ropeadope. Eight IndieBlu staffers will join E1's Nashville office including IndieBlu president Michael Olsen.
