Fantasy Records Up For Sale

Berkeley-based Fantasy Records, which owns many of the greatest recordings from the Golden Age of jazz, is for sale, according to a report in Billboard magazine.

Fantasy executives refused to comment on the story published Friday, but one source confirmed the label was on the market.

Billboard quoted an anonymous source that said the label, which generated sales of about $30 million in 2002, is being offered at $100 million, though a sale price will likely range from $64 million to $85 million, depending on yet unreleased 2003 earnings data.

Fantasy