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.