The Orchard Now The Proud Owners of TVT Records - A Top Story This Week

The Orchard Now The Proud Owners of TVT Records was a top story for this week. Here it is again: (The Orchard) The Orchard and TVT Records today announced that The Orchard was selected as the winning bidder in a bankruptcy auction held yesterday in New York City to purchase TVT Records.

Under the terms of its bid, The Orchard would assume control of TVT's catalogue of recorded masters, artist contracts and physical record distribution infrastructure, among other assets, but excluding its holdings in its music publishing subsidiary.

The acquisition is expected to close on or before July 3rd, 2008, although there can be no assurances that the transaction will close as it is subject to court approval, customary closing conditions and finalization of the purchase agreement between the parties. - more on this story

Click here to read today's full report

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