Sony buys Century Media?

According to sources reporting to Music Business Worldwide, Sony have bought Century Media for something in the region of $17m.

The independent Metal label was originally set up in 1988 by Robert Kampfi and the late Oliver Withöft in Dortmund, and currently has more than 50 staff across Europe and America.   Over the years, the label introduced bands such as In This Moment, Butcher Babies, Lacuna Coil, Moonspell, Nevermore, Shadows Fall and Suicide Silence to the world.

In the acquisition of Century Media, Sony has (if the rumours are true) also swept up Magic Arts Publishing, Lonely Planet Publishing, Inside Out Music, Super Ball, Rock The Nation America and other merchandise and management subsidiaries, beating Universal to the punch.

If Century has indeed been bought by Sony, it will be the biggest major label acquisition since Universal bought Eagle Rock in April last year.

As independent labels begin to consider taking back their digital rights from major distributors in the US market, this kind of acquisition will become more popular again,” one source predicted.

The rumours of interest in Century emerged three months after BMG acquired Rise Records in a multi-million dollar deal.

Said BMG CEO Hartwig Masuch at the time: “We believe music offers tremendous potential – provided you recognise the rules of the game have changed.”

According to the report, MBW understands that at least one major label head was disappointed to miss out on Rise which could well have been a motivating factor in their rumoured pursuit of Century Media.

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