Dualtone duo sell majority stake
EmptyNASHVILLE -- Dualtone Music Group co-founders Dan Herrington and Scott Robinson have sold their majority interest in the six-year-old Nashville-based independent label to former minority partner Cal Turner III.
Turner, who is now CEO of Dualtone, owns Cal IV Entertainment, a music publishing company that's home to hit songwriters Jim Collins, Dave Berg and singer/songwriter Trent Tomlinson, among others.
Herrington tells Billboard.com that it's an amicable split. "In this day and age of owning a record label, when offered the option of cashing in the chips, I jumped at it," Herrington says. "I retain a small interest in Cal's Dualtone, so I hope they do amazing."
Herrington says he has been offered some consulting opportunities and that he's also exploring other options.
Robinson will remain as president of the label and, like Herrington, maintain a minority interest.
Herrington and Robinson launched Dualtone in 2001. The label has released albums by Guy Clark, Jim Lauderdale, June Carter Cash, Chely Wright, Bobby Bare, Radney Foster, BR549, David Ball and the Greencards, among others.