Troubled Bloodshot Records Sold To Exceleration Music
(Hypebot) — Troubled indie Bloodshot Records has been sold to Exceleration Music, the venture founded by indie music execs Glen Barros, John Burk, Charles Caldas, Amy Dietz, and Dave Hansen to invest in independent record labels.
Bloodshot has been plagued by multiple controversies in recent months.
In February 2019, Bloodshot co-owner Nan Warshaw left the label after former Bloodshot artist Lydia Loveless accused her partner, Rob Miller of sexual misconduct, alleging years of “casual predation.”
An internal audit of the label revealed that artists were owed hundreds of thousands of dollars in unpaid royalties. In recent months, many of those artists have taken to social media confirming that they had…