BMG Acquires Sanctuary Records From UMG
February 15, 2013

BMG announces it has signed a binding agreement to acquire Sanctuary Records from Universal Music Group. The proposed sale, which is subject to regulatory approval by the European Commission (EC), is the latest in a series of divestments mandated by the EC, following Universal’s purchase of EMI.

BMG CEO Hartwig Masuch said, "We are delighted to have won the opportunity to work with the exceptional line-up of artists in the Sanctuary catalog. We have made no secret of our ambition to create a new force in the music industry focused on delivering service and revenue to artists. We believe this deal will be good news for those artists, good news for our partners particularly in the independent sector and good news for the music industry as a whole." 

The Sanctuary catalog includes over 170,000 recordings from such legendary labels as Bronze, Creole, Immediate, Jet, Transatlantic, Trojan, Sugarhill, Pye and Solar. Sanctuary's catalog also includes 19 of Black Sabbath's albums, as well as releases from fellow hard rockers Motörhead, Iron Maiden, Bruce Dickinson and Megadeth. The catalog also contains Reggae stars from the legendary Trojan Records label, such as Toots and the Maytals, Desmond Dekker, Lee "Scratch" Perry and selected Bob Marley recordings as well. Punk greats The Damned, X-Ray Spex, Sham 69 and The Fall are also under the Sanctuary umbrella, as well as releases from The Kinks, Uriah HeepJonathan Richman, Donovan, Status Quo, Petula ClarkGrandmaster Flash, The Sugarhill Gang and many, many more. 

The agreement to buy Sanctuary is the second BMG-UMG deal in the wake of Universal's acquisition of EMI. In December, BMG announced it had agreed in principle to buy the Mute Records catalog of recordings from Depeche Mode, Erasure, Moby and Nick Cave.




 
Breaking News
eQB NOW
The Week In Review: 10/20-10/24
Beasley Broadcast Group Issues Third Quarter Results
Pandora Reports Q3 2014 Financial Results
Deezer Acquires Stitcher
In Brief - October 24, 2014
October 23, 2014
Nielsen Reports Third Quarter 2014 Results, Announces $1B Share Repurchase Authorization
iHeartRadio Now Available For Use In Apple's CarPlay
In Brief - October 23, 2014
October 22, 2014
Pandora AMP Allows For "Large Scale" Artist Analytics
Spanish Broadcasting System Names Eric Garcia Radio Revenue Chief, GM, New York Market
The Conclave To Honor Ginny Morris With The Rockwell Award
In Brief - October 22, 2014
October 21, 2014
Report: Ron Fair Departs Virgin Records
Adobe, Nielsen To Create Comprehensive Measurement Platform For Digital Content
DMR/Interactive Names Doug Smith VP/Marketing Strategy
Triton Digital's August 2014 Ranker: Major News Events Show Impact On Top 20 Streaming Audio Markets
October 20, 2014
iHeartMedia San Francisco Names Mark Adams PD of KYLD & KIOI
Premiere Networks Promotes Claudine Cazian To VP/Programming & Branded Entertainment
Entercom Names Carlos Lamadrid VP/National Sales, Strategic Partnerships
Pandora Hires Steve Bené As General Counsel
In Brief - October 20, 2014
October 17, 2014
In Brief - October 17, 2014
The Week In Review: 10/13-10/17
October 16, 2014
Music News
Taylor Swift Talks Pop Genre, 1989 & More
The Week In Review: 10/20-10/24
Quick Hits: The Grammys, Sam Smith, Foo Fighters, The Grateful Dead
Taylor Swift Reveals Songs of 1989
One Direction Goes "On The Road Again"
Quick Hits: American Music Awards, Justin Timberlake, New Now Next Awards, Foo Fighters, Jake Miller, ShipRocked
Florida Georgia Line, Bob Seger Lead Sales Chart
Quick Hits: Taylor Swift, Foo Fighters, Gwen Stefani, Cold War Kids
Charli XCX, Haim and More Contribute to Hunger Games
Quick Hits: Meghan Trainor, Smashing Pumpkins, Milky Chance
U2 Sits Down For Intimate Radio Special
Quick Hits: Coldplay, Gwen Stefani, Foo Fighters, Dropkick Murphys, Madisen Ward and the Mama Bear
One Direction Reveal Four Tracklist
The Week In Review: 10/20-10/24
Quick Hits: Iggy Azalea, U2, Snoop Dogg / Pharrell, iHeartRadio Fiesta Latina
FMQB NOW

Christopher K
APD/MD, KDND & KUDL
Sacramento

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!