Connect with us

Hi, what are you looking for?

New Products

Sony BMG No More

Sale of Bertelsmann’s Stake in Sony BMG to Sony is Concluded

The sale of Bertelsmann’s 50-percent stake in the Sony BMG music company to its former joint-venture partner Sony has cleared all antitrust hurdles and was finalized on October 1, 2008. The purchase price for the holding has changed hands, and the music company, to be called Sony Music Entertainment Inc. (SMEI), is now a wholly-owned subsidiary of the Sony Corporation of America.

SMEI is comprised of premier music labels such as: Arista Records, Columbia Records, Epic Records, J Records, Jive Records, RCA Records, and Zomba. Key recording artists include Celine Dion, Alicia Keys, Yo-Yo Ma, Bruce Springsteen, Justin Timberlake, Usher and Jay Chou.

In the wake of its withdrawal from the recorded-music business, Bertelsmann will be gearing its own music business to music rights management. BMG Rights Management will represent authors and artists, mainly in Europe, in all aspects of building, managing and marketing their rights, under the established BMG brand. It is thereby responding to a strong trend in the music industry, towards service provision. The initial basis for the company’s business is formed by selected European music catalogs which BMG Rights Management will be retaining from the former joint venture with Sony. They include the works of more than 200 artists. The new company under the management of the experienced music executive Hartwig Masuch will be managed as a line of business in the Corporate Investments department.

About Sony Corporation
Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world. Sony recorded consolidated annual sales of approximately $88.7 billion for the fiscal year ended March 31, 2008. Son

About Bertelsmann AG
Bertelsmann is an international media company encompassing television (RTL Group), book publishing (Random House), magazine publishing (Gruner + Jahr), media services (Arvato), and media clubs (Direct Group) in more than 50 countries. Bertelsmann’s claim is to inspire people around the world with first-class media and communications offerings – entertainment, information and services – and occupy leading positions in its respective markets. The foundation of Bertelsmann’s success is a corporate culture based on partnership, entrepreneurial spirit, creativity, and corporate responsibility. The company strives to bring creative new ideas to market and create value.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

Skyworth 100CE1 Canvas Elite Art 100-inch TV Lifestyle

New Products

Skyworth debuts 100-inch Canvas Elite Art TV at CEDIA 2025, featuring 4K QD-MiniLED, matte screen, Google TV, and premium display tech.

Yamaha YH-4000 and YH-C3000 Over-ear Audiophile Headphones Yamaha YH-4000 and YH-C3000 Over-ear Audiophile Headphones

New Products

Yamaha expands its premium headphone lineup with the YH-4000 open-back and YH-C3000 closed-back models, featuring advanced drivers, handcrafted housings, and high-end comfort.

Tivoli Audio Model One Generation 3 Tabletop Radio in Walnut and Gold Tivoli Audio Model One Generation 3 Tabletop Radio in Walnut and Gold

New Products

Tivoli's 3rd generation tabletop radio blends real wood design with Wi-Fi, Bluetooth, AirPlay 2, Google Cast, Spotify Connect, and hi-res sound for $349.

2025 Apple iPhone 17 Air Pro Max 2025 Apple iPhone 17 Air Pro Max

New Products

Apple surprises with new ultra-thin iPhone Air to accompany iPhone 17, 17 Pro, and 17 Pro Max models for 2025.

Apple AirPods Pro 3 Lifestyle 2025 model Apple AirPods Pro 3 Lifestyle 2025 model

New Products

AirPods Pro 3 ($249) deliver improved ANC, longer battery life, heart-rate tracking, Live Translation, and better fit—Apple’s most capable earbuds yet.

TCL QM9K QD-Mini LED TV at CEDIA Expo 2025 TCL QM9K QD-Mini LED TV at CEDIA Expo 2025

New Products

Available in 65 to 98-inch screen sizes, the flagship 2025 TCL QM9K 4K TV offers more dimming zones and higher brightness.

Gift Ideas?

Ultra High-end Audio and Video 2025 Gift Guide

Floorstanding Speakers

Ultra luxury hi-fi loudspeakers, audiophile components, and a movie player you have to hear (and see) to believe.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers