Report: Universal Closing UK Sanctuary Label
September 5, 2007, 17 years ago
Britain's Grimsby Telegraph has issued the following report:
The new owner of struggling music group Sanctuary has announced it is to shut down the firm's UK recorded music division, home to artists such as MARC ALMOND and THE CHARLATANS.
Universal Music, which bought Sanctuary for £44.5 million last month, is closing the label to focus on the group's more profitable management business, merchandising and catalogue divisions.
Sanctuary's US label - which counts artists including DOLLY PARTON and former BEACH BOYS star BRIAN WILSON - remains unaffected by the move.
