Australian independent music label Alberts sold to BMG
Label began as a family-run publishing company in 1884 and launched AC/DC, The Angels and The Easybeats
Alberts, the longest running independent Australian music label, which launched AC/DC, The Angels and The Easybeats, has been acquired by international music company BMG, ending 131 years of history for the brand.
Alberts began as a family-run publishing company founded by a Swiss clockmaker in Sydney in 1884 before expanding to become a multi-functioning label, including a studio, publishing and management company, and home to the successful writer-producer team Harry Vanda and George Young.
Other Alberts artists included John Paul Young, The Easybeats, Flash & The Pan, Stevie Wright, Rose Tattoo, The Angels, Ted Mulry Gang, Megan Washington, Montaigne, San Cisco, The Cat Empire, Josh Pyke, Urthboy, The Delta Riggs and Paul Grabowsky.
Under the new deal, the Albert family will retain their interests in the catalogues of AC/DC and Vanda, Young and Wright and BMG will administer the music publishing catalogues worldwide.
Alberts chairman, Robert Albert, said: “These songwriters were an integral part of my late brother Ted Albert’s vision to take Australia’s music to the world. Retaining these catalogues will allow us to stay connected with an industry that has been an integral part of our lives for the last 131 years.”
Alberts CEO, David Albert, said: “This was a difficult decision to make, but as music grapples with its digital future, with new distribution models and the influence of global technology companies, we believe BMG is in the best position to take the business forward.”
BMG CEO, Hartwig Masuch, said the deal meant Australian artists and songwriters wishing to tap into the world market now had “a genuine alternative” to the major established record labels.
“BMG is very serious about the Australian market and this deal is an indication of our commitment.”