According to Music Business Worldwide, a music industry newsletter, Deep Purple (Overseas) Ltd has appointed administrators. This means the business will continue to trade but will be protected from creditors until a buyer or buyers for the business are found. It also includes HEC, the company set up by Deep Purple’s original managers back in 1968 (and which DP(O) succeeded.) So if there are any well heeled fans out there…! Quite what this means for the time being I’m not sure, or indeed for the existing arrangements and future archive plans of Universal and Warners.
UPDATE : Some members of Deep Purple have now stated that they will fight to try and prevent this sale, and have issued a statement (which includes the claim that Jon was still a member of Deep Purple at the time of his death) as follows:
“1. It has come to our attention that two companies, Deep Purple (Overseas) Ltd (“DPO”) and HEC Enterprises Ltd (“HEC”) have recently gone into administration and that ReSolve Partners Limited (“ReSolve”) have been appointed as administrators for both companies. We believe ReSolve are inviting offers from third parties for the business and assets of the two companies.
2. We, (Ian Gillan, Ian Paice and Roger Glover, being continuing members of Deep Purple and Victoria Lord, representing Jon Lord, who was a member of the group until his death) commenced legal proceedings against both DPO and HEC and in particular those proceedings concern the ownership of various Deep Purple sound recording and song copyrights and the income generated thereby.
In short our position is that neither HEC nor DPO can, if it is their intention, dispose of or deal with those copyrights as between themselves and unidentified third parties. Our lawyers are, notwithstanding the two companies going into administration, instructed to progress and enforce our rights in relation to those copyrights (amongst other matters).”