[2] The decision was taken to restructure the business at the beginning of the 2006 financial year, into an "incubator" for developing writer-artists with the intention of "upstreaming" them to a major label.
[citation needed] The signings which resulted from this included Bat for Lashes, Steven Lindsay, Rosalie Deighton, Jacob Golden and Sarabeth Tucek.
However, in a Chrysalis Group report dated 15 August 2008,[3] it was stated that The Echo Label had performed below management's expectations and had not upstreamed any artists in this period, other than Bat For Lashes, who were transferred to Parlophone in early 2007.
In May 2013, Sony Music Entertainment purchased the distribution rights to Echo material and was re-issued in July under the label.
Similar to its sister label, Sanctuary Records, Echo continues to exploit a number of artist catalogues, including Feeder, Bat for Lashes, and several artist catalogues acquired from Warner Music (including Supergrass, The Subways, Sigue Sigue Sputnik, White Town, Devildriver, Thomas Dolby and Megadeth).