(Australian Associated Press)
It’s the end of an era for Australian music as Alberts, the label that launched AC/DC, The Angels and The Easybeats, has been acquired by international music company BMG.
Alberts began as a family-run publishing company 131 years ago before expanding to become a multi-functioning label including a studio, publishing and management company, and home to the successful writer-producer team Harry Vanda and George Young.
BMG launched its own standalone operation in Australia three months ago.
Under the new deal, the Albert family will retain their interests in the catalogues of AC/DC and Vanda, Young & Wright, according to The Music Network, and BMG will administer the music publishing catalogues worldwide.
“These songwriters were an integral part of my late brother Ted Albert’s vision to take Australia’s music to the world. Retaining these catalogues will allow us to stay connected with an industry that has been an integral part of our lives for the last 131 years,” Alberts chairman Robert Albert told The Music Network.