Sanctuary Records Up for Sale
Sanctuary Records, one of the few large labels that has figured out how to really make money by partnering with artists, may be up for sale, or at least readying an offering. Ever since Warner managed to make some money for its early adopter shareholders in its IPO, the market has been looking for another label to float.
Hopefully, it won't mean that new folks will ride in and screw up their business model.
What I really learned from this article: I had no clue that the guy behind Big Brother and a slew of other reality TV formats owns 1/5 of the company!