Sony Music acquires Ministry of Sound

Sony Music Entertainment have announced their latest purchase - Ministry of Sound.

The move means that Sony Music UK have acquired the entirety of the indie label, which has a massive history. Since its launch in 1993, Ministry have sold in excess of 70 million albums worldwide, in addition to managing 40 UK Number 1 albums and 21 Number 1 singles.

Sony now own the rights to all of Ministry's rich compilation series of products and will now manage artists such as London Grammar and DJ Fresh. Currently, financial terms of the deal are undisclosed. 

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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."

Sony and MoS have had a fruitful working relationship on matters prior to the formation announced today. Most recently, Ministry of Sound's act Sigala has been licensed to Sony Music internationally. Today's news means that he now has labelmates like Beyoncé, Robbie Williams and Justin Timberlake.

“I’m delighted we have found the right home to grow Ministry of Sound Recordings at a global level while keeping its unique identity," explained Lohan Presencer, Ministry of Sound group chief executive. "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.”