Pop Art Records, once home to Hip-Hop pioneers Roxanne Shante and Biz Markie, announced its buy-out yesterday (Oct. 24) by the Coalition, a production and management company.
Founded in 1979 by Lawrence Goodman, Pop Art's roster included DJ Jazzy Jeff and the Fresh Prince, Roxanne Shante, 3 Times Dope, Salt and Pepa, MC Shan, Craig G, Cool C, Steady B, Marley Marl and the Juice Crew.
The Philadelphia-based label sold all of its copyrights, master recordings and music publishing catalog, including Hip-Hop classics such as "The Bridge" by MC Shan, "Show Stoppa" by Salt-n-Pepa, and Shante's "Roxanne's Revenge."
"The acquisition of the Pop Art Catalog is like purchasing a part of music history," Coalition chairman Troy Carter said. "We've been aggressively looking to build our content business so this seemed like a perfect opportunity to get us started."
Goodman, CEO of Pop Art, added, "It is my belief that Troy's involvement will bring new life into the catalog that we've built."
The Coalition is a full service production company and artist management operation based in Beverly Hills, Calif.
Its current clientele includes artists such as Eve and Fat Joe.
Goodman also announced that Pop Art and Coalition are producing a documentary about the early days of Hip-Hop, with the hopes that "the music of Pop Art will serve as one of the backdrops," Goodman said.