15 February 2013 1:09 AM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

Music rights management company BMG Rights said Friday that it has signed an agreement to acquire U.K.-based rock and heavy metal label Sanctuary Records from Vivendi's Universal Music Group. Financial terms of the transaction, which is part of the divestments mandated by the European Commission in its approval of Umg’s acquisition of Emi's recorded music unit, weren't disclosed. Photos: The Rock and Roll Hall of Fame Class of 2013 The proposed deal, which covers the label's roughly 170,000 recordings, is subject to regulatory approval by the EC. Sanctuary has music -- in varying territories -- from the likes of

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- Georg Szalai

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