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BMG Rights Management GmbH (also known simply as BMG) is an international music company based in Berlin, Germany. [2] It combines the activities of a music publisher and a record label . [ 3 ] [ 4 ]
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In 1987, BMG had acquired RCA Records and changed the name of Columbia House's only surviving rival, RCA Music Service (formerly RCA Victor Record Club), to BMG Music Service. In 1991, the CBS Records Group was renamed Sony Music Entertainment , and Sony sold half of Columbia House to Time Warner , which contributed Time Life 's video and music ...
Sony BMG Music Entertainment was an American record company owned as a 50–50 joint venture between Sony Corporation of America and Bertelsmann. The venture's successor, the revived Sony Music , is wholly owned by Sony , following their buyout of the remaining 50% held by Bertelsmann .
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Sony Music and BMG remained separate in Japan, although BMG Music Japan was wholly owned by Sony BMG. On 27 March 2006, the New York Times reported that Bertelsmann was looking to raise money by leveraging some of its media assets and that executives from both companies were in talks about possibly altering the current venture.