Acoustic Sounds Buys Classic Records
Chad Kassem’s Acoustic Sounds> has purchased Mike Hobson’s Classic Records>. Acoustic Sounds bought all of Classic’s inventory earlier this year, so this news doesn’t come as a huge shock. Mike Hobson will continue in an advisory role to Acoustic Sounds to ensure a smooth transition.
This looks like it’s good news: “Hobson always pushed the envelope to improve Classic’s products instead of just accepting the current standards. It is an honour to now own Classic, and I intend to continue to use the innovations that Classic pioneered and the high standards they established,” said Kassem.
I just hope that the acquisition means that the supply of Classic Records’ titles is assured, and that the prices will fall back to their pre-acquisition levels...
Here’s a link to the full press release.