Bloodshot Records is being acquired by Exceleration Music, an investment fund launched by various music industry figures. The news arrives just days after Bloodshot co-founder Rob Miller announced that he “will no longer be a part of the label.” According to a press release, Exceleration came to its acquisition agreement with Miller and Nan Warshaw, the co-founder of Bloodshot who stepped away from the label in 2019.
“Bloodshot is a vitally important part of American music history, a genre-defining label founded on passion and vision, dedicated to bringing a unique set of artists from its musical orbit to the world,” Dave Hansen, an Exceleration partner, said in the press release. “It represents exactly the kind of company that fits Exceleration’s founding ethos, which is to preserve and enhance the legacies of extraordinary independent companies and artists. We are honored to have the chance to work with the music from Bloodshot’s artists, to make sure the future interests of those artists are protected. We look forward to working to keep the Bloodshot history alive and relevant for many years to come.”
Exceleration partnered with Alligator Records earlier this year. The company also acquired the jazz label Candid Records and works with the Ray Charles Foundation. Warshaw shared the following statement about the change in ownership: