Posts Tagged ‘angeles-times’

Universal Sells Former Black Sabbath, Iron Maiden + Megadeth Label Sanctuary to BMG

Mary Ouellette, SheWillShootYou.com (2) / Karl Walter, Getty Images The ever-evolving music industry endured another shift recently when Vivendi SA’s Universal Music Group agreed to sell Sanctuary Records, the onetime label of metal giants Black Sabbath , Iron Maiden and Megadeth , to BMG Rights Management. The Los Angeles Times reports that the deal was part of divestitures required by European Commission regulators. Sanctuary Records was among the assets requested by European regulators and sources report the label was sold for $62 million. In addition to Black Sabbath, Iron Maiden and Megadeth, Sanctuary released albums from Motorhead , The Kinks and more. Sanctuary is the second label sold off by Universal Music this month, with Parlophone recently being sold to Warner Music Group. Parlophone had the rights to past releases from  Coldplay , Pet Shop Boys and Tina Turner. Universal has yet to sell off two additional assets — Co-op, a British independent marketing and sales company and EMI’s European stake in the ‘NOW!’ musical venture. [button href=”http://loudwire.com/best-megadeth-songs/” title=”Next: 10 Best Megadeth Songs” align=”center”]

Pearl Jam’s Eddie Vedder to Contribute Song to Christian Bale Film ‘Out of the Furnace’

Samir Hussein, Getty Images While we wait on new Pearl Jam music, frontman Eddie Vedder has found another creative outlet through the big screen. The vocalist, who has contributed music both as a solo artist and with his band to a number of films, is reportedly working on a song for the upcoming Christian Bale film ‘Out of the Furnace.’ The  Los Angeles Times reports that Vedder is writing and recording the solo track for the movie that’s expected to arrive in theaters later this year. The paper cited a source close to the production as stating that it’s likely a number of other Vedder tracks may also be used for the movie. The film, which stars Bale, Woody Harrelson and Casey Affleck, centers on two brothers from a working class Pennsylvania town that get caught up in a web of violent crimes. Vedder’s songs have been featured in the movies ‘Dead Man Walking’ and ‘Eat Pray Love,’ while the singer recorded an entire soundtrack for the film ‘Into the Wild.’ Earlier this year, Vedder stated that Pearl Jam were “halfway” toward finishing their next album, but the band’s members have repeatedly stated that they’re taking their time on the disc and enjoying a break until everyone feels ready to resume work. Regardless of the album progress, the band has begun lining up some new shows for this summer, including a date at Chicago’s Wrigley Field . [button href=”http://loudwire.com/early-eddie-vedder-demos-surface-online/” title=”Next: Early Eddie Vedder Demos Surface Online” align=”center”]

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