Universal Closes Sanctuary

The recorded music division of Sanctuary Music Group is to close, its new owner Universal Music announced today, as it looks to develop the firm’s merchandising, catalogue and management businesses instead.

Universal, which bought the music group for 44.5 million pounds in August, said the recorded division, which has artists such as The Charlatans and Brian Wilson, would no longer operate as a standalone front-line label.

  • Source: Blabbermouth.net