Arnon Milchan’s Regency Enterprises has made another foray into the music business by acquiring Trauma Records.
The deal, which had been in the works for months, adds another record label to Regency’s music holdings.
Regency, the powerful indie production firm which recently shifted its studio deal from Warner Bros. to 20th Century Fox, entered the music business a year ago with the acquisition of tiny indie Restless Records.
Trauma, led by Rob Kahane and Paul Palmer and best known as home to Bush and former home of No Doubt, has also named former Columbia Records exec Craig Lambert senior veep/G.M. to assist the duo in the day-to-day running of the label.
“We have been looking for a strong partner to complement our existing label operations,” said Milchan. “Trauma offered an outstanding talent roster, and a marketing and promotional philosophy that has proven incredibly successful and entirely compatible with our own.”
Under the pact, Restless — run by co-prexys Joe Regis and Bill Hein — will operate as a free-standing outpost while sharing back office services with Trauma. Restless and Trauma will be distributed by BMG Distribution.
“Paul and I felt that Regency presented the most exiting long-term opportunities for our label and our artists,” said Kahane. The deal is also the latest inking of a label by a film company, thus providing an outlet for its soundtrack wares.
The first Trauma release will be newcomers Eva Trout and the Phunk Junkeez. A Bush album is being planned for a fall bow.
Trauma veep of marketing Jim Martone has been upped assistant G.M./senior veep of marketing as part of the new deal.
Trauma was cut loose last year from its pact with Interscope Records as part of a lawsuit settlement.
Since its exit, Trauma has entered into talks with several firms including BMG, Disney and Revolution/Giant Records without concluding any deals.