Sony Music Entertainment UK has acquired record label Ministry of Sound Recordings.
Originating as a nightclub in 1993, the British indie label has sold more than 70 million albums worldwide. Due to the purchase, Sony has now acquired all of Ministry of Sound Recordings’ back catalogue, compilations business, and artists which include Mark Ronson, Calvin Harris, and George Ezra.
“I’m delighted we have found the right home to grow Ministry Of Sound Recordings at a global level while keeping its unique identity,” former CEO Lohan Presencer stated. “Sony Music is a world-class company that understands our ethos of exceptional curation and developing young talent.”
The acquisition will make Sony a contender within the dance pop realm while allowing Ministry to “grow its recorded music offering on a truly global scale.”
Current CEO Doug Morris stated that “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 centres”