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Koch Records Sold To Private Equity Firm

NEW YORK (CelebrityAccess MediaWire) — Marywn Investment Management has announced the planned acquisition of Entertainment One, a major media distributor and parent company of Koch Records for the cool sum of $188 CD.

Koch, in addition being the largest indie record label in North America also represents theatrical/DVD (Koch-Lorber Films), television & home video (Koch Vision), traditional publishing (Koch Pub.) and has been expanding their focus in recent years with the addition of a new media division with an eye to providing digitally-distributed content.

According to James Corsellis at Marwyn, the firm hopes to become a leading competitor in the independent content "There's a real market opportunity to build a global leader in the independent content space, in terms of exploitation, particularly focusing on filmed entertainment," he told the Toronto Star.

Corsellis has also claimed that there are no intended job cuts at any of Entertainment One's holdings. – CelebrityAccess Staff Writers