Bertelsmann Music Group has inked a distribution deal with Restless Records, spiriting the indie away from Warner Bros., where it had been expected to ink a deal.
The pact comes less than two weeks after New Regency chief Arnon Milchan closed a deal to buy the tony label, which focuses on alternative and heavy-metal artists.
The addition of Restless to the BMG family gives the conglom another foray into the alternative music market alongside Volcano, the formerly dubbed Zoo Entertainment label.
Restless, once home to acts such as GWAR and TSOL, also released a comeback disc by former “Partridge Family” heartthrob David Cassidy.
According to sources, Milchan inked the BMG deal during a one-day trip to BMG’s New York HQ. Restless chief Bill Hein could not be reached for comment.
The acquisition by Milchan of Restless, which sources said bills north of $10 million annually, had been anticipated (Daily Variety, Oct. 4).