Sanctuary Records RIP

(BBC) Sanctuary Records' UK recorded music business is to be closed as it focuses on its more profitable management arm.

The decision was made by the firm's new owner Universal, which bought Sanctuary last month for 44.5m.

The closing business is home to artists including The Charlatans, Morrissey, Kelly Osbourne and Marc Almond. [Belly O's megaseller probably helped grow that bottom line!] - more on this story

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