The Sanctuary Group plc, together with its subsidiaries, operates as a music group worldwide. It operates through three segments: Recorded Product, Merchandising, and Artist Services. The Recorded Product segment engages in the exploitation of existing and newly recorded music intellectual property rights. This segment trades through traditional and digital distribution channels, as well as through licensing deals to third parties. The Merchandising segment develops and sells apparel and other items, which exploit the image of artists at live events and through retail outlets under the brand name Bravado. The Artist Services segment provides artist management and live agency and booking agency services. The company also involves in film and television production; and music publishing, as well as in the hiring of studios. Sanctuary Group was founded in 1976 and is headquartered in London, the United Kingdom with additional offices in Los Angeles, New York, San Francisco, and Stockholm. As per transaction announced on June 15, 2007, Sanctuary Group plc is a subsidiary of Universal Music Group, Inc.