BMG Completes Acquisitions Of Mute And Sanctuary Catalogs
May 1, 2013
BMG has completed its acquisitions of the music catalogs of Mute and Sanctuary from Universal Music Group. The Mute catalog includes master recordings from such artists as Depeche Mode, Nick Cave, Goldfrapp and Yazoo. The Sanctuary Records catalog of 170,000 recordings contains works by the likes of Black Sabbath, Motörhead, Megadeth, The Kinks and Uriah Heep.
The two acquisitions have now been fully approved by the European Commission. The deal was announced in February and was part of the divestments mandated by the EC, following Universal’s purchase of EMI.
BMG CEO Hartwig Masuch said, "These acquisitions are a significant step forward for BMG. Now the real work begins – to demonstrate to artists, writers and clients that their faith in us is justified. We remain committed to delivering on our promise to create a modern new artist-centric alternative to the legacy music companies."