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
03/09/2010 Bach lives on through Sutekh
It wasn't too long ago that Maxence Cyrin released an LP full of classically inspired covers, or that Something A La Mode introduced us to their world of electronic/classical music. Well, now we have a new edition to the classically inspired electronic realm, by way of French minimalist a...
02/09/2010 Slice of Swing-Hop from BBE
BBE Records return with a really amazing slice of Swing-Hop, which is a combination of Hip Hop and retro swing - for those of you who hadn’t guessed... Not only are you about to be gifted with a preview of some extra special music, you are also witness to a new phrase being coined, right here, l...
02/09/2010 New DJ History ‘Catch The Beat’ Book
London’s DJ History crew are quite the bastion of knowledge; their encyclopedic approach to documenting the history of modern music has proved the reference point for many a music journalist and general anorak over the years. DJ History is of course home to Bill Brewster and writing spa...



EB NEWSLETTER
AUSTRIA
CZECH REPUBLIC
GERMANY
write a comment