Dorian's Assets Sold to Virginia Company

Classic Arts News   Dorian's Assets Sold to Virginia Company
 
The assets of the bankrupt Dorian Records will be sold to a Virginia company, and the proceeds used to pay the company's creditors, the Albany Times-Union reports.

Under a tentative agreement reached this week, the recording studio Sono Luminus will pay $245,000 for Dorian's equipment, master recordings, and artist contracts. The money will be split between the Allegro Corp. and Banknorth.

The status of Reference Recordings, another audiophile label purchased by Dorian in 2003, remains in limbo. Earlier, Dorian agreed to sell the label to Koch Entertainment, but that agreement fell apart, and bankruptcy court judge Judge Robert E. Littlefield dismissed Reference's bankruptcy claim, removing it from Chapter 11 protection. The former owners of Reference, who contend that the 2003 sale was never completed, said they would now attempt to regain control of the company through the New York State courts.

Dorian was founded in 1988 by Craig Dory, a mathematician and amateur recording engineer with a passion for capturing live concerts on record. Many of the label's recordings were made at the acoustically excellent Troy Savings Bank Music Hall. Dorian's artists include a number of Baroque ensembles, including Pittsburgh's Chatham Baroque, Quebec's Les Violons du Roy, and the Baltimore Consort.


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