Ministry of Sound

Ministry of Sound is owned by Versha Ministry, which has offices in London, Sydney and Berlin. The Chairman is James Palumbo, who is also the majority shareholder, a small minority share-holding having been sold to private equity house 3i in 2001. The Chief Executive Officer is Lohan Presencer. The Group has global sales of £80 million and employs up to 500 personnel worldwide. Its mission statement is: "to create the moments that people live for". The company also owns the Hed Kandi, Euphoria, and Hard2Beat brands, and co-owns Ministry of Sound Australia's Hussle Recordings, along with MoSA and Hussle's founder and MoSA's Managing Director/Founder DJ Tim McGee. Ministry of Sound Group Ltd., through Ministry of Sound Australia, also own Downright Records, Etcetc Records and Astrx.
 
Ministry of Sound UK had been doing tours in Australia previous to Ministry of Sound Australia's establishment in late 1999, conducting national tours in 1997 and 1998. Both events coincided with Australian albums Ministry of Sound: Australian Tour '97 and Ministry of Sound: Australian Tour '98 which were sold and released by Festival Mushroom Records. The popularity of these tours and the CDs prompted Ministry of Sound UK to establish itself in Australia in 1999 and released its first compilation.