Sony Music UK Acquires Ministry of Sound
Long-time independent dance label Ministry of Sound was recently acquired by Sony Music UK. This begs the question, is there any room on the playing field for successful independent labels?This article originally appeared on Billboard
Ministry of Sound, one of the U.K.’s biggest independent labels, has been acquired by the British arm of Sony Music.
The imprint was launched in 1993 as an extension of the influential London nightclub founded by James Palumbo. In the two decades since then it has grown to become one of the world’s biggest dance music labels with cumulative album sales in excess of 70 million, including 40 U.K. No. 1 albums and over 20 chart-topping singles.
As part of the Sony deal, the major acquires the label roster, back catalogue and hugely successful compilations business, which accounts for approximately one in every six compilation albums sold in the United Kingdom, with “The Annual,” Dance Nation” and “Clubbers’ Guide” among its biggest selling titles.
Acts currently signed to Ministry of Sound Recordings include DJ Fresh, Sigala (who is already licensed to Sony Music internationally) and London Grammer, whose debut album, If You Wait, sold more than 1.5 million copies globally and is signed to Sony’s Columbia label in North America. Other artists that Ministry of Sound has previously launched and develop include Eric Prydz, Example and Wretch 32.