Long running specialty metal label Century Media Records has been acquired by Sony Music Entertainment for 17 Million dollars. Although not yet confirmed by the label themselves, this news has been long rumored and now reported by Music Business Worldwide, a reputable industry source of news.

Launching the careers of countless commercial and critically successful rock and metal groups, the label was founded in 1988 by Robert Kampf with co-owner Oliver Withöft coming on a year and a half later. Withöft died in 2014.

Century Media’s parent company, The Century Family has several sub-labels under its umbrella such as Another Century, InsideOut Music, People Like You, and Superball.