Death Row Records has been sold for $18million as part of its Chapter 11 proceedings in Los Angeles.
The new owner is Wide Awake Entertainment. Wide Awake Entertainment
is a Canada based company founded in 2006 with only one recording
at this time to its credit. Billboard Magazine reports that this company
has little experience dealing with the U.S. marketplace and
does not have any distribution deals in place outside
of its southern border.
Laura Lavi, founder and CEO of Wide Awake, said the label has been in contact with several U.S. companies to try to ensure Americans will
still have domestic access to Death Row’s catalogue.
“We have some ideas,” Lavi told Billboard. “We’re very respectful of
Death Row’s legacy and when the time is right we’ll announce that.”
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