Report: CENTURY MEDIA To Be Acquired By SONY For $17 Million

Report: CENTURY MEDIA To Be Acquired By SONY For $17 Million

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

The company, which has more than 50 staff across the U.S. and Europe, was said to be valued somewhere between $15 million and $20 million.

Century Media was instrumental in the careers of heavy music acts like IN THIS MOMENT, SUICIDE SILENCE, SHADOWS FALL, LACUNA COIL and many more.

Century Media's parent company, The Century Family, includes several other labels: Another Century (rock), InsideOut Music (progressive), People Like You (post-punk, alternative) and Superball (alternative, modern progressive).

Robert Kampf founded Century Media in 1988, with co-owner Oliver Withöft coming onboard roughly a year and a half later.

Withöft passed away in January 2014 at the age of 49 after a long period of illness.

Tags:

Posted in: News

COMMENTS

To comment on a BLABBERMOUTH.NET story or review, you must be logged in to an active personal account on Facebook. Once you're logged in, you will be able to comment. User comments or postings do not reflect the viewpoint of BLABBERMOUTH.NET and BLABBERMOUTH.NET does not endorse, or guarantee the accuracy of, any user comment. To report spam or any abusive, obscene, defamatory, racist, homophobic or threatening comments, or anything that may violate any applicable laws, use the "Report to Facebook" and "Mark as spam" links that appear next to the comments themselves. To do so, click the downward arrow on the top-right corner of the Facebook comment (the arrow is invisible until you roll over it) and select the appropriate action. You can also send an e-mail to blabbermouthinbox(@)gmail.com with pertinent details. BLABBERMOUTH.NET reserves the right to "hide" comments that may be considered offensive, illegal or inappropriate and to "ban" users that violate the site's Terms Of Service. Hidden comments will still appear to the user and to the user's Facebook friends. If a new comment is published from a "banned" user or contains a blacklisted word, this comment will automatically have limited visibility (the "banned" user's comments will only be visible to the user and the user's Facebook friends).