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Metal News

Century Media Will Be Acquired By Sony For $17 Million

Century Media, one of the best-known independent heavy metal labels in the world, will be acquired for $17 million by Sony Music Entertainment, according to Music Business Worldwide.

Century Media

 

The company is apparently valued somewhere between $15 million and $20 million, and has more than 50 staff across the U.S. and Europe.

Founded by Robert Kampfi and Oliver Withöft in Dortmund, Germany in 1988, Century Media was instrumental in the careers of bands such as In This Moment, Lacuna Coil, Nevermore, Iced Earth, Moonspell, Shadows Fall, Suicide Silence and many more.

Oliver Withöft died last year aged 49 after a long period of illness.

Century‘s family also includes Magic Arts Publishing, Lonely Planet Publishing, Inside Out Music, Super Ball, Rock The Nation America and other merchandise and management subsidiaries.

If Century is bought by Sony, it will be the biggest major label acquisition since UMG snapped up music movie and TV programme maker Eagle Rock in April last year.

The rumours of interest in Century emerge three months after BMG acquired its rival, fellow metal label Rise Records, in a multi-million dollar deal.

(via Metal Storm)

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