When companies fold, merge, etc, some rights go one way, some another. Sometimes the copyrights and lisenses that a defunct company held are no longer available because of contractual restrictions that have nothing to do with music or recording. Sometimes, the new owners are not even aware that they own it--someone with a lot of time and patience has to do a lot of detective work getting the necessary clearances to make it possible to re-issue a lot of this sort of stuff, and that assumes that someone actually has the masters.

As far as I know, anyone who wants to tape the album and give the tape to Blackcatter has every legal right to do so, and they may make a reasonable number of copies and give them to others, as well. It turns out that "Mix CD's" are the latest thing in Wedding favors, on this principle--