CMC International explained

CMC International Records
Parent:BMG Rights Management
Sanctuary Records Group
Founder:Bill Cain and Tom Lipsky
Status:Defunct
Distributor:Universal Music Group[1] (physical)
BMG Rights Management (digital)
Genre:Heavy metal, hard rock, rock
Country:US
Location:Raleigh, North Carolina

CMC International was an American independent record label founded by Bill Cain and Tom Lipsky in 1991, focused mainly on classic rock, and classic heavy metal. The label was the haven of many hard rock, arena rock, thrash metal, glam metal, and AOR artists in the period when all the majors were investing all their financial efforts on grunge and alternative rock acts.[2] In 1995 CMC started a partnership with BMG Entertainment, which in 1999 owned the majority of the company, with founder Tom Lipsky holding a minority stake.

CMC International became a division of Sanctuary Records Group in 2000, with Lipsky becoming president of Sanctuary Records North America.[3] After Universal Music Group acquired Sanctuary in 2007, CMC International ceased to exist. However, due to conditions imposed by the European Commission following UMG's 2012 acquisition of EMI, it sold Sanctuary to BMG Rights Management in 2013 for over €46 million ($71.875 million).[4] Since then, Sanctuary has been distributed globally by Warner Music Group through its ADA division.[5] [6]

Tom Lipsky is currently working as president of Roadrunner Records' Loud & Proud division, managing classic rock bands and artists.[7]

Notable former artists

See also

WARHEAD "Tonight We Rock EP. 002 Release for CMC

References

  1. Web site: BMG forms alliance with Universal Music Group; plans to move physical distribution to UMG's Commercial Services division . 19 October 2023. musicbusinessworldwide.com .
  2. Web site: The Invisible Man: An Interview with Tom Lipsky . June 16, 2011 . Wright . Jeb . 2010 . Classic Rock Revisited.com . https://web.archive.org/web/20110728175119/http://www.classicrockrevisited.com/interviewTOMLIPSKY.htm# . 2011-07-28 . dead .
  3. Web site: U.K.'s Sanctuary Buys Castle Music . June 15, 2011. Masson . Gordon . Ed Christman . April 8, 2000 . . Dun & Bradstreet.
  4. News: Universal Music agrees to sell Sanctuary Records. Los Angeles Times. Dawn C.. Chmielewski. February 14, 2013. https://web.archive.org/web/20130215162618/http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-universal-music-agrees-to-sell-sanctuary-records-20130214,0,6072346.story. February 15, 2013.
  5. News: Warner Music's Global Deal for BMG's Catalog Sets Up Showdown With RED. Ed Christman. April 28, 2016. Billboard.com.
  6. Web site: BMG moves distribution of 8,000 albums to Warner's ADA - Music Business Worldwide. March 7, 2017. musicbusinessworldwide.com. https://web.archive.org/web/20170313000938/http://www.musicbusinessworldwide.com/bmg-moves-distribution-8000-albums-warners-ada/. March 13, 2017.
  7. Web site: Tom Lipsky . June 16, 2011 . LinkedIn.