US EditionPunk Label Fat Wreck Chords, Home to NOFX & More, Sells Catalog to Hopeless Records: ‘It’s Very Pure’
SAN FRANCISCO COUNTY, CALIFORNIA, JUL 9 – Hopeless Records cleared $3.5 million in artist debts and agreed to focus on Fat Wreck Chords’ existing roster in a deal marking 35 years of the label’s legacy.
- On Wednesday, July 9, Hopeless Records acquired the catalog of Fat Wreck Chords, co-founded by Fat Mike and Erin Kelly-Burkett in San Francisco in 1990.
- The acquisition followed about a year of partnership talks and three years of exploring deals, with Fat Mike and Erin trusting Hopeless as the sole choice.
- Hopeless will forgive over $3.5 million in artist debts and keep a no-new-signings policy to focus entirely on Fat Wreck's existing roster while Kelly-Burkett and Burkett step back.
- Louis Posen, Hopeless founder, called leading Fat Wreck Chords 'the honor and privilege' of his 30-year career, while Erin said Fat Wreck has been her 'baby for 35 years.'
- This partnership secures Fat Wreck Chords’ legacy and community, with Fat Mike and Erin retaining the label's name and trademark and Hopeless committing to honoring its 35-year history.
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Hopeless Records Has Acquired Fat Wreck Chords Catalog, and They're Doing Something Very Cool With It
Hopeless Records has announced that they’ve acquired fellow punk rock record label Fat Wreck Chords’s catalog, and they’re going to be forgiving artist debts. Lambgoat reports that Hopeless has, in a manner of speaking, brought Fat Wreck Chords (FAT) in as a companion label, meaning: it’s not being shuttered. Fat Wreck Chords co-founders Fat Mike (of NOFX) and Erin Kelly-Burkett will remain owners of the label’s name, logo, and trademark. Hopele…
Hopeless Records Acquires Fat Wreck Chords Catalog in New Partnership
As part of the acquisition, Fat Wreck Chords' roster's unrecouped balances will be waived, and Hopeless has agreed to a no-new-signings policy to keep focused on Fat Wreck's current roster.
After some rumors have already circulated in recent months, it is now official: Fat Wreck Chords, the independent punk label of NOFX-Frontmann ... The post Fat Wreck Chords sells artist catalogue to Hopeless Records first appeared on MoreCore.de.
Fat Wreck Chords sells catalog to Hopeless Records
After 35 years and hundreds of releases from some of the most important punk bands of all time, Fat Wreck Chords has sold its catalog to fellow alternative rock luminaries Hopeless Records. Coming off the tail end of the final shows of founder Fat Mike's long-time band, NOFX, the deal marks a unique partnership between two of the biggest names in the business, with Hopeless owner Louis Posen celebrating that the partnership could mean for music …
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