Move follows Digital Music Group deal.
In a new acquisition twist, when Digital Music Group closed on its deal to buy the Green Linnet Records catalog last week, it simultaneously sold in perpetuity the exclusive physical sales rights of the label's titles to Compass Records.
In structuring the deal, Digital Music Group retained ownership of the catalog's digital sales as well as the master recordings, while Compass Records bought the rights to Green Linnett physical sales to brick-and-mortar stores, e-tailers and mail-order business.
Green Linnet's catalog includes more than 200 albums from many celtic artists such as Niamh Parsons, Altan, Eileen Ivers, Cherish The Ladies, Tannahill Weavers, and Martin Hayes and Dennis Cahill.
Since Digital Music Group Inc., went public in February, raising $38 million in an initial public offering priced, it has begun what appears to be a buying spree aimed at acquiring music content ownership, licensing, or distribution rights for the digital format.
After it made the Green Linnet acquisition, DMGI also signed a five-year worldwide deal to be the digital distributor for Lobster Records, a California-based independent label, whose catalog includes albums from Yellowcard.