The Echo Label
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|The Echo Label|
|Parent company||Sony Music Entertainment/BMG Rights Management|
|Country of origin||United Kingdom|
In 2005, The Echo Label recorded a loss of over £2.0 million. The decision was taken to restructure the business at the beginning of the 2006 financial year, into an "incubator" for developing writer-artists with the intention of "upstreaming" them to a major label. The signings which resulted from this included Bat for Lashes, Steven Lindsay, Rosalie Deighton, Jacob Golden, Sarabeth Tucek and Forever Like Red. They would continue to release records for their established artists Feeder and Morcheeba. However, in a Chrysalis Group report dated 15 August 2008, it was stated that The Echo Label had performed below management's expectations and had not upstreamed any artists in this period, other than Bat For Lashes, who were transferred to Parlophone in early 2007.
In May 2013, Sony Music Entertainment purchased the distribution rights to Echo material and was re-issued in July under the label. Although Echo still exists as a trading brand name for Chrysalis, as an entity the label no longer operates in which all its employees departed by the end of 2008.