BLACK SABBATH, IRON MAIDEN, MEGADETH

BLACK SABBATH, IRON MAIDEN, MEGADETH Catalog Part Of Universal Music Group Sale To BMG




According to here,
Vivendi SA’s Universal Music Group, the world’s biggest record company,
agreed to sell the label of BLACK SABBATH, IRON MAIDEN and MEGADETH to
BMG Rights Management as part of disposals required by regulators.





The deal for Sanctuary Records is among the asset sales asked for by
European regulators after Universal Music’s acquisition of EMI Group
and is the second label bought by BMG Rights among those on offer, BMG
Rights said in a statement today. The Sanctuary label was sold for 40
million pounds ($62 million), two people with knowledge of the
transaction said.


Sanctuary, which also holds rights to THE KINKS and MOTÖRHEAD, is
the second label Universal Music has sold this month. Last week, the
record company agreed to sell Parlophone, home to COLDPLAY, THE PET SHOP
BOYS and TINA TURNER, to Warner Music Group for $784 million. BMG
Rights, controlled by KKR & Co., is a Berlin-based management and
rights company expanding into recorded music.


“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,”
BMG Chief Executive Officer Hartwig Masuch said in the statement.