Zomba Recording Corp., home of Jive Records acts Britney Spears, ‘N Sync and Backstreet Boys, has acquired indie label Mojo Records as part of a push to diversify its artist roster and beef up its catalog offerings.
The purchase gives closely held Zomba such perennial ska-punk favorites as Goldfinger and Reel Big Fish. Santa Monica, Calif.-based Mojo is home to swing revivalists the Cherry Poppin’ Daddies, whose 1997 album “Zoot Suit Riot” went double platinum.
“Mojo has developed an array of credible, commercially successful artists who have succeeded by building fans through the traditional, painstaking, foolproof method of relentless touring,” Jive Records president Barry Weiss said. “This has led to very strong career foundations that we hope to build upon.”
Financial terms of the deal weren’t disclosed.
Mojo’s roster adds to Zomba’s burgeoning lineup of acts outside the teen-pop arena, which already includes Volcano Records artists Tool and 311 as well as gospel stars Michael W. Smith and Donnie McClurkin on the Verity Records label.