Sanctuary and Mathew Knowles
Mathew Knowles, father of Beyoncé Knowles and manager of Destiny's Child, joined the label as an executive in 2003, when Sanctuary purchased his urban music company in America. However, this move proved disastrous when records by such acts as Bizarre of D12, Ray J and De La Soul were delayed, and the main company headed towards collapse.
After restructuring the main company in 2006, it was decided no more records would be released by this American Urban division, while in July of that year Sanctuary came to the agreement that it would sell the MWE talent agency back to Mr. Knowles for £2.7m.
Read more about this topic: Sanctuary Records Group
Famous quotes containing the word sanctuary:
“Proverbs, like the sacred books of each nation, are the sanctuary of the intuitions. That which the droning world, chained to appearances, will not allow the realist to say in his own words, it will suffer him to say in proverbs without contradiction.”
—Ralph Waldo Emerson (1803–1882)