Posts Tagged ‘warner-music’

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”]

Metallica Take Full Ownership of Master Recordings, Launch Own ‘Blackened’ Label

Blackened Recordings Metallica have just revealed the beginning of a new era in their history. Not only has the band launched their own record label, Blackened Recordings, but as of today, all of Metallica’s master recordings have reverted back to the band, giving them full ownership of their entire catalog. All the way back in 1994, Metallica made a deal with Warner Music Group that on Nov. 30, 2012, the band would exclusively own all of their recordings, including all their music videos and long form videos. According to statements from various band members, there is no ill will against Warner, the move is simply to possess full creative control of what happens with the music of Metallica from here forth. “We would like to thank everyone at the Warner Music Group for 28 years of a fantastic relationship, particularly since 1994 where we truly felt we had partners in every aspect of our business in North America,” says James Hetfield . Blackened Recordings will now be the home of everything Metallica, and will handle all marketing and promotion duties. The label is set to personally license their releases to Universal Music Group internationally. “It’s always been about control for us as a band,” says drummer Lars Ulrich .¬† “Forming Blackened Recordings is the ultimate in independence, giving us 100% control and putting us in the driver’s seat of our own creative destiny.” Blackened Recordings will put out it’s inaugural release, the ‘ Quebec Magnetic ‘ DVD, on Dec. 10, which showcases footage from two Quebec City live performances recorded in 2009. [button href=”http://ultimatemetallica.com/” title=”See All the Latest Metallica News Here” align=”center”]