edel acquiring share in Eagle Rock Entertainment

Hamburg – edel medien BeteiligungsGmbH, a wholly owned subsidiary of Hamburg-based edel music AG, is acquiring a minority stake in Eagle Rock Entertainment Group Ltd., London, as part of a management buy-out. As a result of the investment, which will make edel one of the UK company’s largest shareholders, edel CEO Michael Haentjes will be taking a seat on the Eagle Group’s board of directors. Eagle Rock Entertainment’s core business entails the audiovisual exploitation of music content on DVDs. The company owns an extensive catalog of rights including artists such as Janet Jackson, Alice Cooper, Tina Turner, Eric Clapton and Queen as well as numerous video recordings of the Montreux festival. edel provides Eagle with manufacturing, distribution and logistic services in many European countries. Says Michael Haentjes, CEO of edel music AG: “There has been a close relationship between Eagle and edel at the operating level for many years and we want to reinforce this via this investment.” Terry Shand, Chairman Eagle Rock: “It’s great to have edel back as our partner, and good to be back in control of our own destiny”