"Megadeth is not just one of the most successful metal bands, but one of the most influential rock bands of the past 30 years," said UMe President/CEO Bruce Resnikoff in making the announcement. "They continue to be a huge draw on the road with their longtime fans as well as continually adding new fans. I look forward to working together with them."
Mustaine formed Megadeth in Los Angeles in 1983, and with a string of five consecutive platinum and multi-platinum albums Megadeth became one of the biggest bands of the mid-'80s and '90s, boasting such arena anthems as "Symphony of Destruction," "Peace Sells, But Who's Buying," "Holy Wars," and "Sweating Bullets," along with the top singles in 1997/98 off Cryptic Writings, "Trust," (No. 1 track) "Almost Honest," "Use The Man" and "A Secret Place."
With the recent acquisition of EMI, UMe now brings together Megadeth's classic, 14-year, seven-album Capitol catalog, which includes one multi-platinum release ('92's Countdown to Extinction), four platinum records ('86's Peace Sells...But Who's Buying?; '88's So Far, So Good...So What?; '90's Rust in Peace; '94's Youthanasia), and one gold ('97's Cryptic Writings). In all, the band has scored five Top 10 albums (including 2007's United Abominations and 2009's Endgame) and two Top 5 releases, with last year'sTH1RT3EN debuting No. 1 on the Hard Rock chart.
About Universal Music Enterprises
Universal Music Enterprises (UMe), a division of Universal Music Group, is the centralized U.S. catalog and special markets entity for the company Universal Music Group. Working closely in concert with all of the UMG's record labels, UMe provides a frontline approach to catalog management, a concentration of resources, a greater emphasis on strategic marketing initiatives and opportunities in new technologies. Outside North America, the Universal Strategic Marketing division of Universal Music Group International works to maximize the profile and value of UMG's catalogue in international markets. It acts as a service center adding value through marketing initiatives and coordination of commercial issues through local and international markets.
Under the direction of Resnikoff, UMe was the leading catalog label for 2012 with the most number of charting hits (62) according to Billboard Magazine. UMe's soundtrack Pitch Perfect has been in the top 5 on the charts for the last 4 weeks and is the top selling soundtrack for the past 12 months. Additionally, Pitch Perfect remains the #3 title in the country YTD, behind only the Grammy winning 'Record of the Year' Mumford & Sons and Taylor Swift.