News•May 18, 2015 10:37 AM ET•8,164 views
Rise Records sold to BMG
Rise Records, Oregon record label and home to Of Mice & Men, Memhpis May Fire, The Devil Wears Prada, among many others, has been "fully acquired" by international music company BMG. According to Music Business Worldwide, the multi-million dollar deal will see Rise continue to operate from its headquarters in Portland under the continued leadership of label founder, Craig Ericson. Meanwhile, BMG will "handle back office functions and will offer Rise artists access to its international network." Laurent Hubert, President Creative & Marketing at BMG Chrysalis US, said: "Rise Records is more than a record label. It is a cultural phenomenon which has harnessed digital media to create a genuine community. We are delighted to partner with Craig and his team to give Rise's artists access to BMG's world-class admin services and international network." Rise Records President Craig Ericson said, "I'm thrilled to work with BMG and I know Rise Records and its bands will benefit greatly from this new partnership."
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