Universal sold Parlophone to Warners. And now, Sanctuary has gone to BMG.
I suppose that at least, this time, it's not gone to an existing major label - BMG used to be half-owners in Sony-BMG until they sold up in 2008, but haven't been a major for half a decade. Apparently, though, they're kinda regretting that, and want to be a major label again:
Hartwig Masuch, chief executive of BMG, said: "We have made no secret of our ambition to create a new force in the music industry focused on delivering service and revenue to artists."To be fair, selling off your major force in the music industry and not doing it for five years was a pretty good way of making a secret of these ambitions.
He added: "We believe this deal will be good news for those artists, good news for our partners, particularly in the independent sector, and good news for the music industry as a whole.
It's not entirely obvious how owning the Iron Maiden back catalogue is going to create a new force in the music industry, but who knows?