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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 .
Sony Music Japan remained independent from the Sony BMG joint venture, therefore BMG and Sony labelling were kept separate in Japan under the venture. During Sony BMG's buyout, BMG Japan was instead picked up by Sony Music Entertainment Japan. It briefly continued to operate as a distinct entity until a reorganization in early 2009 folded the ...
BMG was founded in October 2008 after Bertelsmann sold its stake in Sony BMG to Sony. [5] From 2009 to 2013, the investment firm KKR held 51% of the company, which became one of the world's largest music publishers during that time. [6] [7] BMG is 100% owned by Bertelsmann and one of the group's eight business divisions. [8]
Warner Music Group, Sony Music and BMG have confirmed that they are canceling their Grammy Week events due to the wildfires still raging in Los Angeles, a rep for the company confirms to Variety.
Sony bought CBS Records in 1987 and changed its name to Sony Music in 1991. In mid-1998, PolyGram Music Group merged with MCA Music Entertainment creating what we now know as Universal Music Group. Since then, Sony and BMG merged in 2004, [15] and Universal took over the majority of EMI's recorded music interests in 2012. [16]
In August 2004, Sony entered a joint venture with an equal partner Bertelsmann, by merging Sony Music and Bertelsmann Music Group, Germany, to establish Sony BMG Music Entertainment. [40] However, Sony continued to operate its Japanese music business independently from Sony BMG and BMG Japan was made part of the merger. [41]
Sony Music Group is one of the "Big Three" major music companies. It was established on August 1, 2019, with headquarters in New York City and an office in Culver City, California. [1] It controls Sony's entire music business outside of Japan through its American subsidiaries Sony Music Entertainment and Sony Music Publishing. [2]
Syco have also been instrumental in the careers of artists not originating from its franchises, including Il Divo and Westlife. It has also produced films such as One Direction: This Is Us (2013) and The X Factor parody musical, I Can't Sing! (2014). In July 2020, Cowell bought Sony Music's stake in Syco Entertainment, with exception for Syco ...
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