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Posted
35 minutes ago, optatio said:

In 1947, Max Margulis retired from the business and sold his shares to Alfred Lion. Source: http://www.omm.de/feuilleton/blue-note.html

Interesting...the same year BN went full-on into modern jazz.  And didn't they go into hibernation in 1946?  The "official" explanation is that Lion wanted to fully understand the changes going on in the jazz world, but there may have also been a change in the business side.  Maybe something like: Lion wanted to go fully modern, Margulis was a moldy fig, they didn't agree, Margulis wanted to get out, it took some time for Lion to get the funding to buy out Margulis.

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