Thank goodness for this. Back in April we learned that Aztec had gone bankrupt. Some new investors have arrived, and Australia's best CD reissue label is again in business. It remains to be seen if they continue reissuing their more progressive oriented titles. But we're cautiously optimistic.
According to their website: "Aztec Music, the Melbourne based music distributor which has been releasing, distributing and importing music since the late-nineties, has been acquired by a consortium of strategic investors led by Paul Dainty. The consortium assumes immediate ownership of Aztec’s suite of assets (including a vast catalogue of DVDs, CDs and LPs) after the business was placed into receivership in March 2012. The news was announced via a joint statement today.
“Aztec Music has left an indelible mark on the Australian music scene. The new team looks forward to continuing the tradition through the reissue of classic Australian albums and the importation of rare and highly collectible compilations from overseas”, said Paul Dainty.
Gryphon Entertainment will handle distribution. Gryphon Entertainment Managing Director, Glenn Elliot, is also delighted to be supporting the new direction for Aztec, commenting: "Gryphon Entertainment is excited to be associated with Aztec whose passion and expertise sets it apart as a proudly Australian brand".
Aztec Music stalwart Ted Lethborg, who will head up the new operation, is excited about the future: "To get a second chance to continue the preservation of Australia's rich musical heritage (via the Aztec Music reissue label) is an unexpected and welcome surprise. We are all looking forward to both working towards resurrecting the label and continuing our unique music importing model.""
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