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The merger affected all Sony Music and Bertelsmann Music Group companies worldwide except for Japan, where it was felt that it would reduce competition in that country's music industry significantly. Financial analysts covering the merger anticipated that up to 2,000 jobs would be cut as a result, saving Sony BMG approximately $350 million ...
Formed in 2004 as a joint venture between Sony Music Group and Bertelsmann Music Group, Sony BMG became fully part of Sony in 2008 when it acquired Bertelsmann's stake. In 2012, Sony Interactive Entertainment acquired Gaikai to enhance its PlayStation Network offerings and expand its gaming portfolio into the realm of cloud gaming .
BMG Music Publishing (formerly known as RCA Music Publishing), which was not part of the Sony BMG merger, was a business of the Bertelsmann Music Group until it was sold to Universal Music Group for €1.63 billion in 2007.
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]
Jive Label Group was founded in 2004 as Zomba Label Group by BMG, their parent company at the time. In January 2009. BMG sold their half of the Sony BMG merger to Sony and Zomba Label Group was rebranded to the current Jive Label Group. [11] [16] During the existence of the RCA/Jive Label Group, the Jive Label Group consisted of the following ...
She followed Davis through the Sony-BMG merger from J to RCA, then back to Arista and ultimately the RCA Music Group. During her Sony Music tenure, Hancock signed and A&R’d such artists as Miley ...
[131] [132] Bertelsmann sold its shares of the record label Sony BMG, [133] [134] and since then the company has operated under the name of Sony Music Entertainment. [135] In 2008, Bertelsmann acquired the rights to the Brockhaus Encyclopedia, [136] and from that time on, this reference work was published by the Wissen Media Verlag. [137]
BMG, owned by German media conglomerate Bertelsmann, has established a niche by amassing catalogs of influential artists. ... It sold its 50% stake in joint venture Sony BMG to Sony Corp. in 2008.