Bertelsmann to sell their 50 percent share of Sony BMG to Sony
Yet another sign the music industry is undergoing profound changes, and not everyone will come out on top. Bertelsmann announced on August 5, 2008, that the company will sell their 50 percent share of Sony BMG, the music joint venture of the Germany media empire with the Sony Corporation.
And while it's not Alicia Key's fault (she's one of Sony BMG's artists), Bertelsmann has long contemplated a move out of the music business. After selling their BMG Music Publishing venture two years ago, leaving Sony BMG is the next step.
The anti-trust bodies of several countries have yet to approve the sale, with the price rumored to be around one billion euro. With traditional ways to make money from music eroding, it will be interesting to see which direction Sony BMG, to be renamed Sony Music Entertainment Inc, will take under the lead of the Sony Corporation.
Links & backgrounds
03/07/2009 Win tickets to see Donna Summer
Two pairs of lucky disco fans now have a chance to win tickets to see living legend Donna Summer at Electronic Beats Classics on July 30. To qualify, just send a thoughtful paragraph to win@electronicbeats.net about what it would mean for you to see Donna Summer’s first solo show in B...
03/07/2009 BMI takes the fun out of Pianos
Publishing giant BMI has slapped a lawsuit on one of the more infamous live music venues in New York, Pianos. According to Brooklynvegan.com, “BMI claim that the venue caused ‘great and incalculable damage’ for illegally playing favorites as "Say It Ain't So" by Weezer; the Rolling S...
03/07/2009 Tri-Sound launches with epic Northern Soul tune
What do you get when you combine three music industry veterans with a penchant for a Brit-style American soul music and a vintage Swedish recording studio loaded with original equipment? You get the label Tri-Sound, and their debut release “Mercy” by The Third Degree, a brilliant re-imagining...
EB MOBILE
RSS FEEDS
EB WIDGETS
AUSTRIA
CZECH REPUBLIC
GERMANY
write a comment