master recordings
Reservoir Media has entered into a strategic partnership with Fool’s Gold Records, adding the A-Trak co-founded independent label to its recorded music portfolio. As part of the deal, Reservoir acquires the master rights to key catalog recordings from artists including A-Trak, Danny Brown and Low Pros. In addition, Reservoir will take on exclusive marketing and distribution responsibilities for all past and future Fool’s Gold releases through its label platform.
As part of the deal, facilitated by Fool’s Gold CFO Jorge Mejias, label manager Nathaniel Heller and A-Trak’s management team at TMWRK, Fool’s Gold joins Reservoir’s roster of influential independent labels, which includes Chrysalis Records, Tommy Boy Music and New State. The partnership also extends to a new sub-label, A-Trak & Friends, which will be distributed by Reservoir. The first release from this imprint, “Reaching” by James Juke featuring LION BABE, debuted last month.
Terms of the deal were not disclosed.
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Founded in 2007 by A-Trak (Alain Macklovitch), Nick Catchdubs, David Macklovitch, and the late Joshua Prince, Fool’s Gold has built a reputation for blurring the lines across hip-hop, dance and electronic music. The label played a pivotal role in launching the careers of artists like Kid Cudi, whose debut single “Day ‘N’ Nite” was released through Fool’s Gold, as well as Run the Jewels, Flosstradamus and Danny Brown. A-Trak’s own projects, including his duo Duck Sauce’s hit “Barbra Streisand,” are also part of the catalog now under Reservoir’s distribution.
A-Trak has also made a name for himself as a solo artist with tracks like his remix of the Yeah Yeah Yeahs’ “Heads Will Roll” and singles such as “Ray Ban Vision” and “Believe.” The Fool’s Gold catalog further includes music from Treasure Fingers, Hoodboi, Tommy Trash and Michael Christmas.
Reservoir president and chief operating officer Rell Lafargue said, “As both founder and artist, A-Trak has built Fool’s Gold into a genre-blurring label that has been at the forefront of hip-hop, house, and everything in between for nearly two decades. We’re proud to welcome A-Trak, Fool’s Gold, and its artists into the Reservoir family as we continue to champion culturally significant independent music.” He continued, “This multifaceted deal also highlights Reservoir’s ongoing expansion in recorded music and our team’s ability to deliver across the full spectrum of the music business.”
A-Trak added, “I’ve been thoroughly impressed by Reservoir ever since the first time we all spoke. Everyone at the company has a deep passion for quality music. A big part of what’s helped Fool’s Gold navigate 18 years in the music biz is staying very nimble and malleable. Reservoir was able to craft a creative deal with us that showed real agility — that’s exactly what we were looking for in a new partner.”
The Zombies, the British invasion rock band behind classics like “Time of the Season” and “She’s Not There,” announced this week they’ve obtained their master recordings after decades of outside control.
“It’s another stage of us not worrying about what’s going to happen in the future,” says keyboardist Rod Argent, one of the band’s founders and songwriters. “We’ve got more overseeing of everything that’s going on.”
The baroque pop originators signed with Marquis Enterprises in 1964 when they were still teenagers and almost immediately scored a No. 2 hit on the Hot 100 with their Argent-penned debut single, “She’s Not There,” which Marquis had licensed to Decca. They followed that up with another Argent original, “Tell Her No,” which peaked at No. 6. Their signature and most enduring hit — Argent’s “Time of the Season” — didn’t gain traction until after they’d broken up prior to the 1968 release of their sophomore album Odessey and Oracle on CBS. The era-defining song, with its breathy call-and-response vocals from Colin Blunstone and psychedelic keyboard runs by Argent, eventually reached No. 3 on the Hot 100.
Carole Broughton, a Marquis employee at the time, wound up controlling the band’s masters and publishing over several decades, recently placing synchs including Odessey and Oracle album cut “This Will Be Our Year” in the Schitt’s Creek finale and “She’s Not There” in a Chanel ad campaign starring Keira Knightley.
“I’d always promised [the masters] to them,” says Broughton, owner of Marquis and Bocu Group, a publisher that oversees 700 song copyrights. “We’re all in our 70s now and it just felt right. I certainly didn’t want the masters to go back to anybody else other than The Zombies.”
Rod Argent, Hugh Grundy, Chris White and Colin Blunstone of The Zombies attend An Evening With The Zombies at The GRAMMY Museum on April 27, 2017 in Los Angeles.
Rebecca Sapp/WireImage for The Recording Academy
Deal terms were undisclosed, but discussions were “three years in the making,” according to Chris Tuthill, the band’s co-manager. “My partner Cindy [da Silva] and I have been working long and hard to have it controlled and under one roof,” he says. “Although Marquis always kept a sympathetic and active role in the catalog, they didn’t necessarily do things to actively promote the catalog, particularly on DSPs.” When Marquis placed The Zombies’ “A Rose for Emily” in the hit 2017 podcast S-Town, he adds, “It would have been brilliant, had we known this was coming out, having people pitch this for playlisting and promoting the story of this song.”
Still, Broughton and Marquis were unusually fair to The Zombies during a long period when classic-rock stars lost control of their publishing and master recordings to music executives they considered unscrupulous.
“When it was fairly unfashionable, she did the most wonderful job, because she was so dedicated to us,” Argent recalls. “She continually worked it in the early days. She never let it die. That did us a huge favor.” Tuthill adds: “The guys have told me it was always very straightforward, unlike the highway-robbery stories I’ve heard from people who came up in the ’50s, ’60s and ’70s. Everything got paid through that was supposed to be paid through.”
After the COVID-19 pandemic hit in 2020, Broughton sold The Zombies’ publishing, which includes tracks by songwriters Argent, Blunstone and Chris White, to Robert Wise‘s Wise Music Group. “I’d known Bobby since I was young — he used to put out our sheet music,” says Broughton, who began her music-business career in 1961, at 14, with U.K. publisher Mills Music. “It made sense at the time. I knew they were going to be very proactive with it.”
The Zombies, who are on tour this fall and recently released a new album, Different Game, are directing their managers to dig through boxes of files and scouring original four-track tapes for potential catalog reissues. “The gem in all of this is The Zombies don’t have to ask anyone for permission to do anything with respect to their masters,” says Monika Tashman, the band’s attorney. “This is about them claiming something that seemed impossible at the early stage of their career.”
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