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 approximately 170,000 recordings of the label, is subject to regulatory approval by the European Commission. Sanctuary has music - in varying territories.
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