Independent publishing group Because Music has acquired the former London Records catalogue from Warner Music Group.
The acquisition, part of the Parlophone divestment agreed between Warner Music Group and Merlin/IMPALA, sees the majority of the London Records’ catalogue return to the independent sector.
The catalogue, currently called Warner Music 90, will be renamed London Music Stream, and is home to artists and songwriters including Bananarama, Happy Mondays, Orbital, Jimmy Somerville, Bronski Beat and Goldie (pictured).
London Music Stream will operate separately from the Because Music UK.
Because Music UK has been nominated in the Independent Label of the Year category in the 2017 AIM Awards.
This follows the label’s win in the same category at the Music Business Worldwide A&R Awards last year.
Emmanuel de Buretel, who helms the Because Group, said: “I am delighted to have the opportunity to work with a talented group of artists whom I have long admired, and whose music remains relevant today.
‘It is a great honour to be in a position to build on the legacy of the amazing creative vision established by Roger Ames and Tracy Bennett more than 25 years ago, and take London to a new level. The catalogue includes some incredible hit songs which we intend to revitalise in the digital age.
‘The ambition for this company is first to optimise the catalogue of the London artists on a worldwide basis using the resources of Because Music, and then to take the label back to its glory days with fresh ideas and talented people, all while using new opportunities on offer in terms of music, creativity, technology and data.’