Fusion 3 seeks bankruptcy protection

After 25 years handling a wealth of deep catalogue of ethnic, comedy, jazz and blues titles, Fusion Distribution 111 has been forced to seek bankruptcy protection. The West family owned operation has shut a Toronto office and let go most of the company’s head-office staff in Montreal.

First reported by Billboard magazine earlier today, principal owner Jim West says it is going to be tough to reorganize the operation. The long respected music company represented as many as 600 independent labels from Europe, Asia and South America. The court protection results from a confluence of events that include fewer record stores, smaller retail catalogue sections, lacklustre CD sales, and a distressed dollar.

The company has 30 days to restructure its business. In Aug., Fusion 111 merged some of its backshop operations into EMI Canada’s sales and marketing machinery in an attempt to lower overhead. West, his son Justin and accountant Mort Sachs are the principal owners and creditors. Jim West also owns Justin’ Time Records and several other imprints, including Rising Sun and Secret City, with catalogues comprising as many as 300 predominantly jazz and blues recordings.

Jim West has contributed greatly to the music industry in Canada, serving as the chair of FACTOR, CIRPA and CARAS over the years.  West was the first to sign Diana Kral and his current roster includes a number of titles by Oliver Jones, as well as popular edge band Plants & Animals.

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Comments

GP
@ 10:04AM - 01.27.09

I am an ex-employee from DFIII ,and believe me,it hurts me using the word”ex”.
I was totally devastated when I had found out,that the company was going bad,and my days were to be numbered
Jim and Morty were the greatest employers one can ever have.
Especially Jim West,gave all his energy to both his business and the employees.
One couldn’t ask for more.
This was truly unfair for everyone, especially for Jim West who had gone through some very hard personal crises.
It was totally awesome to greet many artists who would show up at least once a week.
Apart from the Employers,they also had the greatest staff of workers from the purchasing dept to the warehouse,all giving their 100%

It was one of the biggest blows for me, not working there. But it was the greatest privilege to have been an employee. And Jim if ever things do get better ,you can count me in!
Th Dark Knight

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