Last year, German metal label SPV declared insolvency, which is the German version of declaring bankruptcy. Sadly, as part of that, they shut down their American offices, leaving bands like Whitesnake, Monster Magnet, and Motorhead without a deal in the U.S. Thankfully, E1 Entertainment has just announced that they’ve signed a deal to acquire North American rights for SPV’s roster.
“The metal genre has become an important aspect of our business and continues to be a growing initiative spearheaded by Scott Givens, VP of Metal of E1 Music,” KOCH CEO Michael Koch commented.
“After a period of restructuring, SPV is back in the U.S. market with a strong catalogue of back titles and new releases,” SPV’s Andreas Rennmann added. “With E1 we’re happy to have a partner that offers a professional setup and has the same passion for music.”
So I guess this makes Scott Givens the VP and the Chancellor of Metal? This is a great pickup for any label. The back catalog alone is great, but new music from bands like Motorhead and Type O Negative should definitely get E1 a nice return on their investment. A spokesperson told Metal Insider there’s no word yet on when SPV releases will start coming out on E1.