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When Boston Ventures and Music Corporation of America bought Motown Records from Berry Gordy in June 1988 for $61 million, Gordy stipulated that 20% of the firm be retained by African-American investors; Busby purchased an unspecified stake in the firm. Busby moved to Motown Records in 1988 as the company's President & CEO in 1988.
It was an independent company until MCA Records bought it in 1988. PolyGram purchased the label from MCA in 1993, followed by MCA successor Universal Music Group, which acquired PolyGram in 1999. [2] Motown spent much of the 2000s headquartered in New York City as a part of the UMG subsidiaries Universal Motown and Universal Motown Republic Group.
Gordy sold his interests in Motown Records to MCA and Boston Ventures on June 28, 1988, for $61 million (equivalent to $135,610,000 in 2023). He later sold most of his interests in Jobete publishing to EMI Publishing. Gordy wrote or co-wrote 240 of the approximately 15,000 songs in Motown's Jobete music catalogue.
In 1988, Gordy sold Motown Records to MCA Inc. (owner of Universal Studios, which co-produced four films with Motown) and Boston Ventures. The following year, he sold Motown Productions to de Passe, and the company continued its success in television with the popular miniseries Lonesome Dove (1989).
"Suicide Alley" was self-released in 1988. Only 300 copies were originally pressed. Around 200 came in a picture sleeve. [3] The single has the catalogue number SBS 002. The 'SBS' stands for Sound Bank Studio, the studio in Blackwood where the single was recorded. The numbering 002 was meant to add some credibility by implying SBS was an ...
Motown AZ: 21st century Motown B.G.O.T.I. 1980s/1990s BGOTI Babyface: 21st century Motown Erykah Badu: 1980s/1990s Motown Bankroll Freddie: 21st century Motown J. J. Barnes: 1960s Ric-Tic Records Drake Bell: 21st century Motown Yummy Bingham: 21st century Motown Will Biondo: 21st century Motown Black Coffey 21st century Motown Blinky: 1960s ...
David Edward Godin (21 June 1936 – 15 October 2004) was an English fan of American soul music.As a journalist and record shop owner, he made a major contribution internationally in spreading awareness and understanding of the genre, and by extension African-American culture, through his promotion of Motown and other R&B artists, and by establishing the term "Northern soul".
By All Means was an American male/female vocal group, consisting of James Varner, Lynn Roderick, and Billy Sheppard.. Their single "I Surrender to Your Love" was released on the Fourth and Broadway label, and entered the UK Singles Chart on 18 June 1988.