Attic Records ceased to exist as an independent company in 1999, when it was bought by a consortium headed by Allan Gregg and merged with TMP (The Music Publisher) and Oasis Entertainment Distribution to form The Song Corporation. The Attic label briefly continued to exist as a subsidiary of The Song Corporation, but within months of its acquisition, the label name was changed to "Song Recordings".
The Song Corporation filed for bankruptcy in May 2001. Attic's Canadian catalog and masters are now owned by Unidisc Music.