BMG buys heavy metal for £40m
Friday 15 February 2013
Music rights firm BMG today bought the back catalogue of Sanctuary Records, the label behind heavy metal giants Black Sabbath, Motörhead and Iron Maiden, for an estimated £40m.
EMI previously owned Sanctuary's catalogue of 170,000 songs but it has been sold after the takeover by Universal Music – on the orders of European regulators. Media giant Bertelsmann and private equity firm Kohlberg Kravis Roberts own BMG.
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