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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 ...
Aug 6, 2008 · The move ends a joint venture formed in 2004 with the merger of Sony Music and Bertelsmann’s BMG. Howard Stringer, Sony chief executive, said the reborn Sony Music would give the group “far ...
- Gwen Robinson
Sep 30, 2008 · New York, October 1, 2008 – Sony Corporation today announced that it has completed the acquisition of Bertelsmann’s 50% stake in Sony BMG, which was originally announced on August 5, 2008. The music company, to be called Sony Music Entertainment Inc. (SMEI), is now a wholly owned subsidiary of Sony Corporation of America. SMEI is comprised ...
Bertelsmann Music Group ( BMG) was a division of a German media company Bertelsmann before its completion of sale of the majority of its assets to Sony Corporation of America on 1 October 2008. Although it was established in 1987, the music company was formed as RCA/Ariola International in 1985 as a joint venture to combine the music label ...
Aug 6, 2004 · Sony, BMG Complete Merger. OutKast, Dylan under the same roof. By Andrew Dansby. August 6, 2004. Sony Corp. and German multi-media company Bertelsmann AG have finalized the merger of their music ...
Jun 26, 2007 · EU Reopens Review Of Sony BMG Venture. The European Commission has reopened its antitrust investigation into the merger of the Sony and Bertelsmann music divisions, more than three months after it ...
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Feb 2, 2007 · February 2, 2007 4:00am. The European Commission has opened its re-examination of the merger between Sony Corp. and Bertelsmann’s music units, seven months after an EU court threw out their ...
