Log in / create account
What's your thing?
 
Search

Endpoint: Sanctuary Records Group Ltd.



created on: 21/09/2020
by: detum (11642)
 
 

Company properties

General info :
Sanctuary Records Group Limited was a record label based in the United Kingdom and a subsidiary of BMG Rights Management. Until June 2007, it was the largest independent record label in the UK and the largest independent music management company in the world. It was also the world's largest independent owners of music intellectual property rights, with over 160,000 songs.

The company was formed in 1979 by Rod Smallwood and Andy Taylor, who met as undergraduates at Trinity College, Cambridge. In 1979, they discovered Iron Maiden in a London pub and went on to manage the group. They named the record company after the band's song "Sanctuary," which was released as a single in 1980, and later included on American pressings as well as the reissued CD version of their 1980 eponymous debut album.

In April 2007 Billboard reported that Sanctuary Records would cease to exist as a new release label in the US that summer, though catalog, licensing, and new media operations would continue. On 15 June 2007 Universal Music Group announced it had reached an agreement to buy Sanctuary Records for £44.5 million. The agreement was completed in October 2007. By December 2007, it appeared that the Sanctuary name had begun to be phased out, with both Morrissey and Robert Plant being transferred to the Universal-owned Decca Music Group for future releases.

On 21 September 2012, regulators approved Universal Music Group's planned acquisition of EMI from Citibank for £1.2 billion. However, due to conditions imposed by the European Commission, UMG was required to sell Sanctuary. It was one of the three units of Universal Music, never fully owned by EMI, that were forced to be sold; other such units were Vivendi Entertainment and V2 Records. BMG Rights Management acquired Sanctuary for over €46 million. In June 2013, BMG agreed to have INgrooves distribute the label's catalogue in North America, while the PIAS Group would handle international rights; however, Black Sabbath's catalogue remained at Universal until March 2014, when BMG took over the band's distribution. In March 2017, BMG transferred the distribution rights of select Sanctuary artists to Warner Music Group's ADA division.
Source :
Copied Wikipedia parts under license :
ENA's

Brand

(1 items)

Music

(1 items)

Item number : 33568

Submitted by : detum (11642)
on : 21/09/2020