Black Sabbath, Iron Maiden, Megadeth Label Sold

(Classic Rock) Sanctuary Records, once home to Iron Maiden, Black Sabbath, Megadeth and many others, has been sold by Universal to BMG.

The deal is part of an agreement with competition regulators after Universal bought EMI, and it's thought to have been worth $62m.

BMG boss Hartwig Masuch says: "We have made no secret of our ambition to create a new force in the music industry focused on delivering service and revenue to artists. We believe this deal will be good news for those artists, good news for our partners particularly in the independent sector and good news for the music industry as a whole." More rock news.

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Copyright Classic Rock Magazine- Excerpted here with permission.

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