BMG acquires Mute Records full back catalogue from Universal

BMG acquires Mute Records full back catalogue from Universal

Another strike for BMG Rights Management which, the same day of the acquisition of the so-called "Rosetta catalog" it also bought the whole Mute records catalogue. Both are part of the assets Universal agreed to divest after the acquisition of EMI.
The Mute back catalogue - which was indeed owned by EMI - includes records by artists such as Depeche Mode, Erasure, Moby, Goldfrapp and Nick Cave.

According to sources, BMG paid over 7 million pounds, or between $11 and $14 million, for the assets it acquired.
While BMG acquired the Mute catalogue assets, the Mute label itself is unaffected by the deal and remains a separate stand-alone entity, which releases records by such artists as M83 and the Liars.

Universal Music Group agreed to divest part of EMI assets in order to get regulatory clearance to buy most of EMI's recorded-music division.
In addition to the Mute catalogue, Universal also agreed to divest EMI's Parlophone and Chrysalis catalogues and its own Sanctuary catalogue.