According to Music Business Worldwide, Century Media, one of the biggest independent metal and rock labels, will be acquired for $17 million by Sony Music Entertainment.
The company is apparently valued somewhere between $15 million and $20 million, and has more than 50 staff across the US and Europe.
Founded by Robert Kampfi and Oliver Withöft in Dortmund, Germany in 1988, Century has gone on to introduce bands such as IN THIS MOMENT, SUICIDE SILENCE, SHADOWS FALL, LACUNA COIL and many more.
Withöft passed away in January 2014 at the age of 49 after a long period of illness.
