Matador Joins Beggars Group of Labels; Beggars Group Purchases 50% of Matador

Aug 12, 2002, 01:00 ET from Matador Records from ,Beggars Group

    NEW YORK, Aug. 12 /PRNewswire/ -- New York's Matador Records and the UK's
 Beggars Group have entered into an agreement wherein Beggars is purchasing a
 50% share in Matador Records, and all Matador releases will be marketed
 through the Beggars Group worldwide.
     The Beggars Group is currently home to the labels 4AD, XL Recordings,
 Mantra, Too Pure, Wiiija and Mo'Wax as well as Beggars Banquet, and one of the
 country's largest indie groups.   Almost 25 years since the release of the
 first Beggars Banquet single, the London label has consistently released
 ground breaking records while establishing a group of equally ground breaking
     Matador Records, formed in 1989, immediately established itself at the
 forefront of the international independent music scene with important records
 by such artists as Liz Phair, and Pavement.  Over the years, the label has
 grown considerably with such flagship artists as Cornelius, Belle and
 Sebastian, Cat Power and Yo La Tengo, while maintaining its unflagging
 commitment to artistic freedom and diversity.
     As part of the agreement, Beggars in New York will move from its Soho
 offices, which it has now outgrown, across the road into Matador's larger Noho
 offices, and the Beggars Group will be substantially enlarged through the
 transfer of a number of Matador staff and functions from the label into the
 group.  The enhanced Beggars Group in North America will continue to be run by
 Beggars CEO Lesley Bleakley and represent existing Beggars labels as well as
 Matador; the Matador label will continue to be run by founder Chris Lombardi
 together with Gerard Cosloy, Patrick Amory and those Matador staff not
 switching over to central roles.
     Matador and Beggars are both distributed by ADA.  In addition, Matador
 will continue to operate its direct distribution arm, with the intention of
 Beggars Group releases being made available through it.
     Outside America, Matador will be represented by Beggars via its UK
 headquarters and local offices in other territories, as well as through
 Matador's London office, helmed by Gerard Cosloy and Mike Holdsworth.
     Martin Mills, Chairman and founder of Beggars, commented;
     "It is very natural that Beggars should become partners in Matador in both
 a musical and a business sense -- what we have represented to English
 alternative music in the last twenty years is mirrored by Matador's position
 in the American alternative spectrum."
     "We have very compatible cultures and values, and work with artists of
 similar outlook ... the beauty of the synergies of this liaison is that
 Beggars' home base is in the UK whilst Matador's is in the US - we can
 represent them in the best possible way for their artists in the UK and
 overseas whilst the combination of their currently greater size in the US with
 our growing operation there will produce an entity which will be the best in
 the alternative marketplace, as well as being greater than the sum of its
     Gerard Cosloy commented;
     "For the first time in Matador's history, we have entered into a pact with
 a partner whose musical and business ethos matches our own.  We're pleased
 that this can happen while maintaining our artists' ability to make the sort
 of recordings they want to make." "This arrangement represents a tremendous
 opportunity for both of our companies.  The combined expertise of the Beggars
 Group and Matador staffs should make for an unbeatable team."
     Lesley Bleakley commented;
     "It is going to be a great opportunity to be working with both the artists
 and the staff at Matador.  I am looking forward to the upcoming challenge.
 The heart and soul of Matador parallels the core philosophy held at the
 Beggars Group, fiercely independent and artist friendly.  I anticipate that
 the new company will be one of the strongest leading forces in the modern
 independent sector."
     Chris Lombardi commented;
     "We are thrilled to be working within such a terrific company, all of us
 are looking forward to work side by side with Martin, Lesley, and the rest of
 the Beggars staff.  Our ability to expand the scope of our distribution in
 Europe as well as to supplement our US catalogue through our Matador Direct
 retail department is truly exciting.  It should be a very impressive line,
 making Matador Direct and the enhanced Beggars Group a force to reckon with."
     Current projects include XL's Super Furry Animals, who have just completed
 a breakthrough American tour and are about to embark on a second one in
 September, Layo & Bushwacka!, and Badly Drawn Boy, out with the soundtrack to
 the UK number one film About A Boy, Wiiija's Cornershop, 4AD's Neil Halstead
 and the return of the Breeders, together with Matador's Jon Spencer Blues
 Explosion, Guided By Voices and the upcoming debut album by the exciting NYC
 band Interpol.
     The combined group will be home to current and catalogue artists including
 Natacha Atlas, The Avalanches, Badly Drawn Boy, Basement Jaxx, Belle and
 Sebastian, Black Lodge, Breeders, Capitol K, Cat Power, The Charlatans, Biffy
 Clyro, The Cocteau Twins, Cornelius, Cornershop, The Cult, Dead Can Dance, The
 Delgados, Tanya Donelly, The Fall, The Go Betweens, Tommy Guerrero, Guided By
 Voices, PJ Harvey, Kristin Hersh, Interpol, Jon Spencer Blues Explosion, Mark
 Lanegan, Large Professor, Lemon Jelly, Mclusky, Stephen Malkmus, Matmos,
 Mogwai, Gary Numan, Pavement, Pixies, Prodigy, Six By Seven, Stereolab, St.
 Etienne, Mary Timony, Tindersticks, White Stripes, and Yo La Tengo.
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SOURCE Matador Records; Beggars Group