Logo
DiS Needs You: Save our site »
  • Logo_home2
  • Records
  • In Depth
  • In Photos
  • Blog
  • Podcast
  • Search
  • Community
  • Records
  • In Depth
  • Blog
  • Community

THIS SITE HAS BEEN ARCHIVED AND CLOSED.

Please join the conversation over on our new forums »

If you really want to read this, try using The Internet Archive.

20944

news

Who sells Sanctuary? Dunno, but Universal bought it...
Mike_Diver by Mike Diver June 15th, 2007

The Sanctuary label - home to the likes of Happy Mondays and Idlewild - has been bought by Universal following months of rumour tossing and gossip mongering.

The price: £44.5m. Which seems a lot, but when you consider Sanctuary's home back catalogue and recording studios, it's alright innit. Universal are particularly interested in the company's management and live agency divisions. Sanctuary's chairman Robert Ayling commented:

"The past few years have proved to be a very difficult time for Sanctuary and a very disappointing one for its shareholders. This acquisition... can allow the Sanctuary business to benefit from the already well-established relationships between Sanctuary and Universal and from a more supportive capital structure, which is in the future interests of artists and employees."

In not-really related news, Idlewild (pictured) release a new single next week. 'A Ghost In The Arcade' is out on June 18.



LATEST


  • Drowned in Sound's 21 Favourite Albums of the Year: 2020


  • Drowned in Sound to return as a weekly newsletter


  • Lykke Li's Sadness Is A Blessing


  • Glastonbury 2019 preview playlist + ten alternative must sees


  • A Different Kind Of Weird: dEUS on The Ideal Crash


  • Way Out East: DiS Does Sharpe Festival 2019

Share on
   
Love DiS? Become a Patron of the site here »




LATEST

    news


    Drowned in Sound's 21 Favourite Albums of the Y...

  • 106141
  • news


    Drowned in Sound to return as a weekly newsletter

  • 106139

    Playlist


    Lykke Li's Sadness Is A Blessing

  • 106138
  • Festival Preview


    Glastonbury 2019 preview playlist + ten alterna...

  • 106137

    Interview


    A Different Kind Of Weird: dEUS on The Ideal Crash

  • 106136
  • Festival Review


    Way Out East: DiS Does Sharpe Festival 2019

  • 106135

    Festival Review


    25 years of SPOT Festival: DiS Picks Its Best 11

  • 106134
  • Festival Review


    Twelve Hours Of Drone Is Just The Beginning: Di...

  • 106133
MORE


GREATEST HITS

    DiSband


    DiSband #7: Viva Brother

  • 77972
  • news


    DiS Launches New Radio Show

  • 104154

    Column


    DiS Does Singles: Best of 2013 so far

  • 91154
  • feature


    DiS meets Justice

  • 27270

    review


    Daft Punk - Discovery

  • 282
  • feature


    Drowned in Sound's 50 albums of 2008

  • 44086

    review


    Lana Del Rey - Ultraviolence

  • 95999
  • review


    Biffy Clyro - Only Revolutions

  • 55003
MORE
Drowned in Sound
  • DROWNED IN SOUND
  • HOME
  • SITE MAP
  • NEWS
  • IN DEPTH
  • IN PHOTOS
  • RECORDS
  • RECOMMENDED RECORDS
  • ALBUMS OF THE YEAR
  • FESTIVAL COVERAGE
  • COMMUNITY
  • MUSIC FORUM
  • SOCIAL BOARD
  • REPORT ERRORS
  • CONTACT US
  • JOIN OUR MAILING LIST
  • FOLLOW DiS
  • GOOGLE+
  • FACEBOOK
  • TWITTER
  • SHUFFLER
  • TUMBLR
  • YOUTUBE
  • RSS FEED
  • RSS EMAIL SUBSCRIBE
  • MISC
  • TERM OF USE
  • PRIVACY
  • ADVERTISING
  • OUR WIKIPEDIA
© 2000-2021 DROWNED IN SOUND