Vagrant Records has been purchased
by BMG Chrysalis.
As part of the deal, Vagrant co-founder Jon Cohen will become evp of recorded music and oversee records released through BMG's Artist Services operation. Vagrants catalog includes albums from such artists as The 1975, Eels, Bad Suns, Edward Sharpe and the Magnetic Zeroes, PJ Harvey, School of Seven Bells, Black Rebel Motorcycle Club, Black Joe Lewis, Blitzen Trapper and Rocket From The Crypt. Billboard estimates Vagrant's annual U.S. recorded music sales volume at about $5 million.