 Two of the biggest names in house music have joined forces. Ministry of Sound announced that they bought Hed Kandi from Guardian Media Group's Enterprise Records.
MOS will be pleased because Hed Kandi is one of the most recognisable and profitable dance music brands in the world.
Investment from a dance music committed brand like Ministry will guarantee its longevity.
John Myers, CEO of Guardian Media Group's radio business, which owned the Enterprise Records operation, agreed: "Hed Kandi is a great brand but it is clear to us that it needs to be part of a much larger and experienced record business."
Ministry’s acquisition is the latest twist in a saga that has seen Hed Kandi’s business change dramatically in the last seven months.
In June 2005, founder Mark Doyle left the company unexpectedly, reportedly due to the GMG’s lack of dance music understanding.
|
 
|
This work is licensed under a
Creative Commons License.
|
