Though its fate seemed up in the air earlier this week, Chicago indie label Bloodshot Records has been acquired by Exceleration Music, Pitchfork reports. The investment company, which was started by a few music industry vets, said via a press release that they'd come to an agreement with Bloodshot co-founders Rob Miller and Nan Warshaw.
“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,” wrote Exceleration partner Dave Hansen, who was previously GM at Epitaph/ANTI-, in a statement. “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.”