Bannatyne Music

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RKA Records Limited
Private
Industry Music & entertainment
Genre Pop, Dance, Teen
Founded October 2010
Headquarters London, United Kingdom
Key people
Duncan Bannatyne, Ryan Ashmore, Liam Webb
Products Music & entertainment
Owner Sony Music Entertainment[citation needed]
Parent Sony Group (50%)
TESCO Records (30% Joint)[citation needed]
Website Bannatyne Music

Bannatyne Music is a record label that was originally known as RKA Records.[citation needed] It was first established in October 2010 by Ryan Ashmore and Liam Webb. The label is best known for Ashmore and Webb's appearance on the well known BBC TV Show Dragons Den.

History[edit]

Founding[edit]

RKA Records was set up in October 2010 by Ryan Ashmore and Liam Webb in Ryan's bedroom. The label began when Ashmore was on holiday in Spain. There he met current artist MarQ Figuli for the first time. When Ashmore returned, he consulted Webb and told him about the idea for the label. A couple of weeks later, they went to Germany to meet with Figuli to discuss a possible recording contract. Recording artist Chris Parham was visiting Fuguli for some songs in the home studio; Ashmore and Webb signed Figuli and Parham both to the label. The contracts were drawn up, and two weeks later, the pair flew back out to Germany again to close the deal with the two singers.

The company was formed on 5 November 2010 through Companies House. Ashmore held an 80% share in the company, and Webb held a 20% share.[citation needed] Throughout the year[when?], Ashmore and Webb worked with Figuli and Parham on their debut albums and were slowly getting them ready to start the promotion stage.

Investment via the Dragons Den[edit]

Ashmore and Webb successfully gained investment from Duncan Bannatyne on the Dragon's Den. Bannatyne got a 79% share of the company in return for a £50,000 investment.[1][2][3][4][5][6]

Renamed to Bannatyne Music[edit]

In 2012 RKA Records closed and was renamed to Bannatyne Music.[citation needed] Bannatyne Music's launch was covered in the NME.[7]

Deal with Sony Music Entertainment and Gut Records[edit]

In 2013, the company was sold to Sony and Gut Entertainment Group (Sony Music Entertainment and Gut Records).[citation needed]

Artists[edit]

References[edit]