The UK’s The Guardian reports today that Universal Music has decided to shut down the Sanctuary Records UK label, leaving Dolores O’Riordan without a record label.
This closure follows Sanctuary’s closing of its US division at the end of June. Universal Music bought Sanctuary, which has been having financial struggles
for the past few years, for 44.5 million pounds in August.
Universal said in a statement, “Sanctuary Records UK division will no longer continue as a stand-alone, frontline record label. Consultations with employees have begun to minimise redundancies as a result of the restructuring.”
Sources: Guardian Unlimited, Reuters