According to Music Business Worldwide, Believe Digital has acquired an eight figure majority stake in Nuclear Blast Records. The label’s founder/CEO Markus Staiger continues as a shareholder in the company with both parties issuing statements.
Thorsten Freese, Managing Director of Believe Digital Germany commented:
“Nuclear Blast has the most prestigious roster of hard rock and metal artists in the world. These artists are served by a team of passionate and dedicated staff. Because we share this passion and dedication, we are very excited to establish this alliance with Nuclear Blast and service the careers of their artists and develop new and exciting talents with their team.”
“We have known for a long time that we needed to respond to the changes in the music industry. We are also aware that we need to move away from the idea of conventional collaborations in order to continue to be a world-class force, especially in the digital market. We have found the ideal partner with Believe Digital to lead Nuclear Blast and its artists into the future.”
Believe Digital specializes in digital distribution within the European market in particular, while Nuclear Blast Records has been in the metal and rock industry for decades. They are currently home to artists such as Rob Zombie, Ministry, Carcass, Meshuggah, Testament and more.