Sony Acquires Ministry Of Sound, One Of World’s Largest Indie Labels
Sony's UK arm has acquired one of the world's biggest remaining independent labels, Ministry of Sound. The UK indie label specializes in dance and house music and has scored cumulative album sales of 70 million including 40 #1 UK albums and 21 #1 UK singles.
Doug Morris, Chairman and CEO, Sony Music Entertainment, stated: “This agreement underscores our ongoing commitment to investing in great artistry and hit music. On behalf of the entire Sony Music family, I’m excited to welcome the wonderful artists and talented team at Ministry of Sound Recordings to our line-up of world-class creative centers."
"Ministry of Sound Recordings
had its most successful year to date"
“I’m delighted we have found the right home to grow Ministry of Sound Recordings at a global level while keeping its unique identity," explained Lohan Presencer, Ministry of Sound group chief executive. "Ministry of Sound Recordings had its most successful year to date in 2015. Sony has the scale and strength within the industry to project our artists and music onto an even bigger platform.”