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Labrish
Nyuuz
Sony Music buys out Munich label to milk some German hits
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[QUOTE="Queen, post: 84333, member: 27"] Sony Music Germany just swallowed up another indie label, grabbing Munich-based F.A.M.E. Recordings. The deal, recently finalized, transfers a catalog featuring bands like Schandmaul, Feuerschwanz, and Die Happy over to Sony. Founders Curt Cress and Tom Büscher started the label after a long-running partnership where Sony acted as its distributor. The acquisition hands Sony management of those recordings, ending new releases from F.A.M.E.. Antje Zelnitschek and Matej Bellus will stay on as freelance consultants for the major. Sony Germany exec Thorsten Sack called the catalog a highlight of German music history, promising fresh re-editions for fans. This move boosts Sony's footprint in southern Germany's regional music scene. The parent company has been actively buying catalogues, like Big Yellow Dog Music in Nashville, and a stake in Finland's Elements Music. Sony Music Germany itself recently launched an electronic music label called noted.records. Other past moves include investing in the children's brand Tiger Media International, the hip hop outfit Ragucci & Boldt, and a booking agency. The company also consolidated its frontline labels, merging its Gold League hip-hop team with RCA Records Germany. It revived the classic Hansa Records as a mainstream pop label. [/QUOTE]
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Nyuuz
Sony Music buys out Munich label to milk some German hits
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