Leading U.K.-based independent dance music specialist Ministry of Sound (MoS) Recordings has acquired Telstar Records' compilation brands Euphoria and Breakdown for an undisclosed sum.

Leading U.K.-based independent dance music specialist Ministry of Sound (MoS) Recordings has acquired Telstar Records' compilation brands Euphoria and Breakdown for an undisclosed sum.

The sale was organized and agreed by Menzies Corporate Restructuring, who were appointed administrators to London-based indie Telstar on April 5. Since then, joint administrators Paul Williams and Andrew Stoneman have actively courted buyers for Telstar's business.

"We are delighted to have arranged this timely deal in just over one month since the company went into administration," says Williams. "We're confident that the sale...is a very positive move for these brands, as their new owner has an excellent track record of supporting and developing such brands."

MoS head of compilations Steve Canueto adds: "The Euphoria and Breakdown titles are both extremely strong brands and a very welcome addition to our compilations division." According to MoS, the two brands have yielded combined global sales upwards of four million units.

The first Euphoria release through MoS will be "Frantic - Extreme Euphoria" on June 21. Details on the first Breakdown release have yet to be finalized. MoS is eyeing up four releases across the two brands before the end of the year.

Since starting life as a London dance club in 1991, MoS has grown into an international multimedia business empire. According to statistics published by the British Phonographic Industry (BPI), MoS claimed a 7.8% share of the compilation album market in 2002, and a 3% share of the overall U.K. albums market.

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