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The Bertelsmann SE & Co. KGaA, commonly known as Bertelsmann ( German pronunciation: [ˈbɛʁtl̩sˌman] ⓘ ), is a German private multinational conglomerate corporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates and is also active in the service sector and education.
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In 1994, BMG acquired Italian publisher Casa Ricordi, which had been founded in 1808. In March 1998, BMG sold its video game publisher BMG Interactive to Take-Two Interactive, with Bertelsmann taking a 16 percent stake in Take-Two. BMG Interactive published the Grand Theft Autovideo game series. The joint venture between Sony and Bertelsmann to mer...
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. Universal then folded the company into Universal Music Publishing Group, and the BMG name was retired. The company had been head...
After Sony bought out Bertelsmann's share in Sony BMG, Bertelsmann was allowed to keep the rights to several recordings from the former joint venture and rights to BMG trademark. These songs served as the foundation to BMG Rights Management. The company was originally founded with capital support of KKR, and later became a wholly owned subsidiary o...
CD price fixing
Between 1995 and 2000, music companies were found to have used illegal marketing agreements such as minimum advertised pricing to artificially inflate prices of compact discs in order to end price wars by discounters such as Best Buy and Targetin the early 1990s. A settlement in 2002 included the music publishers and distributors; Sony Music, Warner Music, Bertelsmann Music Group, EMI Music and Universal Music. In restitution for price fixing they agreed to pay a $67.4 million fine and distri...
BMG publishing catalog at MusicBrainz- 1929; 94 years ago (RCA Victor), 1958; 65 years ago (Ariola Records)
- Bertelsmann Stiftung, (1987–2008)
Aug 6, 2008 · Sony on Tuesday agreed to buy Bertelsmann out of Sony BMG, giving the Japanese electronics group control of the world’s second largest record company for an initial $600m while allowing the ...
- 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 ...
Aug 5, 2008 · This story was written by David Kaplan. As expected, Sony Corp (NYSE: SNE). and Bertelsmann AG have reached an agreement that has Sony buying Bertelsmann's 50 percent stake in Sony BMG for $1.2 ...
Oct 2, 2008 · October 2, 2008. Sony BMG is no more, as Sony has finally reacquired the 50% share of the company owned by Bertelsmann. Sony had sought the buy out since July, when the company posted a first ...
