{"id":5506,"date":"2015-08-25T06:47:35","date_gmt":"2015-08-25T06:47:35","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2015\/08\/25\/sony-music-buys-century-media\/"},"modified":"2015-08-25T06:47:35","modified_gmt":"2015-08-25T06:47:35","slug":"sony-music-buys-century-media","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2015\/08\/25\/sony-music-buys-century-media\/","title":{"rendered":"Sony Music Buys Century Media!"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/en\/e\/e2\/Century_Media_logo.png\" border=\"0\" width=\"217\" height=\"260\" \/><br \/>Sony Music Entertainment has acquired German hard music company  Century Media Records, the company confirmed. The deal, first reported  Music Business Worldwide, has been in the works for months. While terms of the deal were not disclosed, sources say that Century  Media and its family of labels, generate about $12 million in revenue,  including $5 million from the U.S. Sources say Sony paid about $20  million for the company, whose roster includes such artists as\u00a0Lacuna Coil, Arch Enemy, Queensr\u00ffche, Kansas, Devin Townsend, Steve Hackett and Stitched Up Heart.  <!--more-->  <\/p>\n<p>The deal further enhances Sony&#8217;s presence in the hard rock\/heavy  metal market. In the U.S., as a distributor, Sony Music Entertainment is  the No. 1 major with 33.6% in album market share, including Century  Media.<\/p>\n<p>As part of the deal, owner Robert Kampf will service as CEO of the Century group, and the label will continued  to be distributed by RED in the U.S.; while Sony will pick up  international distribution as well. While the label group will become a  wholly-owned subsidiary of Sony Music Entertainment, sources say the  deal did not include the company&#8217;s music publishing assets.<\/p>\n<p>In a statement, RED Distribution president Bob Morelli said in a  statement the deal will further strengthen the company&#8217;s successful  partnership with Kamp and his team through Sony&#8217;s expanded global  relationship.<\/p>\n<p>&#8220;Century is one of the best hard rock labels in the business and  Robert is an accomplished executive who understands the genre like few  others,&#8221; Morelli said. &#8220;We are excited to continue working with Century  to grow the business for their talented roster of artists.&#8221;<\/p>\n<p>Sony Music Entertainment executive VP of international, Adam Granite,  said in a statement that the deal will provide &#8220;a tremendous  opportunity to grow our respective hard rock and heavy metal businesses  globally.&#8221;<\/p>\n<p>Kampf will report to both Granite and Dennis Kooker, Sony Music  Entertainment president of global digital business and U.S. sales. Kampf  founded Century Media in 1988 and eventually co-owned the label with  Oliver With\u00f6ft, who passed away in January 2014 at the age of 49.<\/p>\n<p>&#8220;The company I founded over 25 years ago is moving into its strongest  chapter yet with the best music company in the world, Sony Music,&#8221;  Kampf said in a statement. He added, by working with Sony and RED, it  will allow Century&#8217;s labels &#8220;to further grow\u2026as a dominant force in  rock, prog, alternative and metal.<\/p>\n<p>\u00a0<\/p>\n<p>Source: Billboard<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony Music Entertainment has acquired German hard music company Century Media Records, the company confirmed&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-5506","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/5506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=5506"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/5506\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=5506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=5506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=5506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}