True North's Finkelstein scales back duties

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TORONTO -- Veteran Canadian music talent manager Bernie Finkelstein said Tuesday that he will step back from day-to-day control of True North Records, a label he formed in 1969.

The shift into the corporate slow lane follows the sale of an undisclosed "strategic investment" in True North by Finkelstein to rival record label Linus Entertainment.

Finkelstein said he will remain with True North as chairman and consultant, but management of the company will shift to Linus Entertainment CEO Geoff Kulawick.

"It's been a long, interesting and fulfilling road starting and building True North these past 38 years, but all things must change," Finkelstein said.

The talent roster at True North includes Bruce Cockburn, Murray McLauchlan, Blackie & the Rodeo Kings and Rough Trade.

Both True North and Linus -- whose talent roster includes Gordon Lightfoot, Ron Sexsmith, Alannah Myles and Ashley MacIsaac -- are distributed in Canada by Universal Music.

Finkelstein, 62, cut his teeth in the Canadian music industry as manager of Toronto rock groups the Paupers and Kensington Market during the late 1960s.

He founded True North by signing up Canadian singer-songwriter Cockburn, who went on to release 29 albums.

Both Finkelstein Management and the publishing interests of Cockburn are not a part of the deal with Linus. Both will continue to be managed by Finkelstein.

The legendary talent manager was inducted into the Canadian Music Industry Hall of Fame in 2003.
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