Sony Music acquires Ministry of Sound

Sony Music Entertainment in the UK has acquired foremost dance music label Ministry of Sound Recordings. The deal includes its artists as London Grammar, Example, DJ Fresh and Wretch 32; back catalogue; and a highly successful compilations business which has sold 55 million compilations around the world of brands as The Annual, Dance Nation, Trance Nation and Clubbers’ Guide.

The effect of the acquisition on the Australian business will see Ministry of Sound Australia continue to release compilations through until June 2017, when it will operate under a still-to-be-announced title.

Ministry of Sound Recordings was launched in 1993 as an extension of James Palumbo (now Lord Palumbo) as an extensive of his house music nightclub of that name which began in 1991.

The label has sold over 70 million, set up operations around the world including Australia, and in the UK notched up 40 #1 albums and 21 #1 singles.

Doug Morris, Chairman and CEO, Sony Music Entertainment, stated: “This agreement underscores our ongoing commitment to investing in great artistry and hit music. On behalf of the entire Sony Music family, I’m excited to welcome the wonderful artists and talented team at Ministry of Sound Recordings to our line-up of world-class creative centers.”

Lohan Presencer, Ministry of Sound’s Group Chief Executive, said: “I’m delighted we have found the right home to grow Ministry of Sound Recordings at a global level while keeping its unique identity. Sony Music is a world-class company that understands our ethos of exceptional curation and developing young talent. Ministry of Sound Recordings had its most successful year to date in 2015. Sony has the scale and strength within the industry to project our artists and music onto an even bigger platform.”

Edgar Berger, chairman and CEO, international, Sony Music Entertainment, said: “Ministry’s success story is exceptional and the acquisition is an important milestone in our growth strategy. We welcome the opportunity to further internationalise the footprint of this legendary British independent record label.”