Boyd had produced records by artists such as Nick Drake, The Incredible String Band and Fairport Convention and released recordings by these artists as well as others such as Trio Bulgarka on his new label.
Around this time folk music from around the world was being released by different labels but was so varied it did not fit into a particular genre.
[1] Hannibal began releasing records under the world music banner.
[2] Joe Boyd continued managing the label until the late 1990s when Rykodisc was purchased by Palm Pictures.
A new line-up of artists was introduced including Robert Wyatt, Phil Manzanera and Brian Eno, and the label began to reissue recordings from the All Saints Records label.