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Wednesday, 20 January 2016

ENTERTAINMENT ONE ACQUIRES DUALTONE MUSIC GROUP



Bringing a lineup of critically-acclaimed artists to eOne and reinforcing eOne’s strength in the North American music market

January 20, 2016 – Nashville/Toronto – Entertainment One (eOne) is pleased to announce its acquisition of leading Americana, singer-songwriter and Indie Rock brand Dualtone Music Group.

The transaction unites two independent music leaders. Dualtone brings a roster of some of the most popular artists to eOne, including Denver-based The Lumineers whose 2012 debut album became a worldwide multi-formatic hit, selling more than 2.5 million albums and 10 million singles worldwide. In its fifteen year history, the label has released 16 GRAMMY Award-nominated albums, garnering 4 wins. Along with The Lumineers, the current roster includes Langhorne Slim & The Law, Noah Gundersen, Wild Child, Robert Earl Keen, recent Americana Music Association Emerging Artist winners Shakey Graves (2015) and Shovels & Rope (2014), along with the legendary GRAMMY Award-winning songsmith Guy Clark. Nashville-based Dualtone was founded in 2001 by Scott Robinson who continues to lead the business along with Paul Roper.

“We are delighted to welcome Scott, Paul, their team and the talented Dualtone family of artists to eOne,” said Darren Throop, President & Chief Executive Officer, Entertainment One. “We have long recognized the potential in Americana and Indie Rock and we were keen to find the right opportunity to add the popular music format to our portfolio. Dualtone’s expertise and track-record of success make them stand out, both strategically and culturally, and we are confident that this new relationship will be very complementary.”

Dualtone will continue to operate with the identity and brand that has seen it emerge as a home for artists of creatively and culturally important music. The company’s recorded music catalog contains more than 292 albums totaling more than 3500 tracks, including albums by the iconic June Carter Cash and three critically acclaimed releases by songwriter Brett Dennen.

“I am very excited to join Darren, Michael Olsen, Michael Healy and the whole eOne team,” said Robinson. “As we continue to grow, eOne will be a strong strategic partner; they share our passion for music, they have the financial resources, infrastructure and vision to see our business into the future and they can offer our artists new and expansive opportunities.”

As the leading independent music brand in North America, the deal will see eOne further extend its strength in the music market where it has long been successful in genres including Urban, Metal, Rock, Gospel and Urban Inspirational. eOne, which also owns Nashville-headquartered music brand Light Records, produces music as an independent label and has an established catalogue business in both the US and Canada. Additionally, as a global independent studio, eOne has successfully secured television series opportunities for its recording artists including SWV, Erica Campbell, The Sheards and The Game.

About Entertainment One

Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specializes in the acquisition, production and distribution of film and television content. The Company's comprehensive network extends around the globe including Canada, the US, the UK, Ireland, Spain, the Benelux, France, Germany, Scandinavia, Australia, New Zealand and South Africa. Through established Film and Television Divisions, the Company provides extensive expertise in film distribution, television and music production, family programming, merchandising and licensing, and digital content. Its current rights library is exploited across all media formats and includes more than 40,000 film and television titles, 4,500 hours of television programming and 45,000 music tracks.

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