BMG Chrysalis U.K. has acquired British independent label Infectious Music for an undisclosed sum.
As part of the deal, Infectious will move its operations into BMG Chrysalis U.K.'s central London offices with Infectious chairman and founder Korda Marshall reporting to BMG Chrysalis U.K. executive vice president Alexi Cory-Smith. It is understood that all 6 staff currently working at the label will remain with the company.
Infectious Music's roster includes Alt-J, whose debut album, An Awesome Wave, won the 2012 Mercury Prize, and Australian rock band The Temper Trap. Other artists signed to the label include These New Puritans, Drenge, Superfood, RY X, The Acid, Local Natives and Vance Joy.
The label's first release following their acquisition by BMG will be Alt-J's eagerly anticipated sophomore album, This Is All Yours, which bows Sept. 22 in the U.K. and Europe. Its U.S. release follows a day later via Canvasback.
BMG's acquisition of Infectious Music follows its purchase of British dance label Loaded Records and its subsidiary Skint Records, including producer Fatboy Slim's entire recording catalog, earlier this year. A year prior, in February 2013, BMG acquired U.K.-based rock and heavy metal label Sanctuary Records from Universal Music Group as part of the divestments mandated by the European Commission following the EMI/Universal merger. The company's global expansion also saw it acquire the Mute catalog assets in late 2012.
"BMG's fresh approach to the music business and its understanding of the structural changes faced by the industry make it the obvious choice to partner with," commented Infectious Music founder and chairman Korda Marshall in a statement confirming the acquisition.
"BMG shares many of our essential values, and offers access to a level of scale, infrastructure and financial support that will help take the label to the next level. I would like to express my appreciation to my business partner Michael Watt for his unstinting support and wisdom over the past five years, to Pat Carr and the entire Infectious team and to all of our artists," continued Marshall, who first founded Infectious Music in 1993 and built its name with crossover alternative artists such as Ash, Garbage, Pop Will Eat Itself, Cable and Muse.
The exec has also held senior posts at Mushroom Records and Warner Brother Records U.K., where he was managing director from 2004 to 2008. Upon leaving the major, he re-launched Infectious Music and soon after scored a global hit with The Temper Trap's debut album, Conditions, which went on to sell over 1 million copies. "Infectious has proven itself to be one of the U.K.'s most successful and artist-friendly independent labels with an outstanding roster," said BMG Chrysalis U.K. executive vice president Alexi Cory-Smith in a statement. "I look forward to working with Korda and the Infectious team to deliver an exceptional service for artists," Cory-Smith added.