Regular readers will note that MBW broke the news two months ago.
Because picks up the majority of the London catalogue as part of the deal, including recordings from Factory artists such as Happy Mondays.
Other recordings are covered by the deal from artists such as Bananarama, Fine Young Cannibals (pictured), Orbital, Jimmy Somerville, Bronski Beat, East 17, Goldie and Shakespears Sister.
Ex-Factory artists including New Order and Joy Division are not part of the agreement.
Although Because isn’t reviving the London Records name, it does plan to release the newly-bought material under the name London Music Stream, which will operate separately from the Because Music UK office.
“It is a great honour to be in a position to build on the legacy of the amazing creative vision established by Roger Ames and Tracy Bennett more than 25 years ago.”
Emmanuel De Buretel
“I am delighted to have the opportunity to work with a talented group of artists whom I have long admired, and whose music remains relevant today,” said Because founder Emmanuel de Buretel.
“It is a great honour to be in a position to build on the legacy of the amazing creative vision established by Roger Ames and Tracy Bennett more than 25 years ago, and take London to a new level. The catalogue includes some incredible hit songs which we intend to revitalise in the digital age.
“The ambition for this company is first to optimise the catalogue of the London artists on a worldwide basis using the resources of Because Music, and then to take the label back to its glory days with fresh ideas and talented people, all while using new opportunities on offer in terms of music, creativity, technology and data.”Music Business Worldwide