Nettwerk Music Group is already a record label, management company and publishing group, and now the Vancouver organization has added another feather in its cap by acquiring the catalogue of Bumstead Records.
Bumstead has been around for more than 30 years, having been founded in Edmonton in 1979. It has since moved to Toronto. By acquiring Bumstead Records, Nettwerk takes control of a catalogue that includes releases from k.d. lang, Yukon Blonde, Two Hours Traffic, Colin James, John Ford, the Trews, Tim Chaisson, Poor Young Things and more.
While the label assets will be transferring over to Nettwerk, an announcement notes that Bumstead founder Larry Wanagas will continue to independently run its publishing and management wings. This means that the Trews, Tim Chaisson and Poor Young Things will continue to be managed by the company.
"We are thrilled to add Bumstead's impressive roster of influential Canadian recording artists to the Nettwerk family," Nettwerk boss Terry McBride said in a statement. "As a company, we are always looking to expand our diverse roster with quality catalogue."
Bumstead Records had released music as recently as last year; Two Hours Traffic issued Foolish Blood through the label a year ago this week (February 19, 2013).