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Sony Music and BMG remained separate in Japan, although BMG Music Japan was wholly owned by Sony BMG. On 27 March 2006, the New York Times reported that Bertelsmann was looking to raise money by leveraging some of its media assets and that executives from both companies were in talks about possibly altering the current venture.
BMG has invested more than half a billion Euros (over $500 million) in music rights during the last 18 months, increasing its investment 40% this year from 2021.
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Sony BMG Music Entertainment was an American record company owned as a 50–50 joint venture between Sony Corporation of America and Bertelsmann. The venture's successor, the revived Sony Music , is wholly owned by Sony , following their buyout of the remaining 50% held by Bertelsmann .
It became a part of the BMG Label Group along with Zomba. In 2008, BMG sold their half of the Sony BMG merger back to Sony, but retained the use of the BMG name. [3] Thus, in early 2009, the BMG Label Group was rebranded to the RCA/Jive Label Group, half of which was the RCA Music Group. Zomba was also rebranded to become the Jive Label Group.
Physical media has had a resurgence in recent years, helped by the curating and marketing of 4K heritage titles in attractive packaging for a keen, if niche, market of collectors.
Before the acquisition of Bertelsmann's shares in the former Sony BMG, the label was known as Sony BMG Masterworks. The label was formed from the merger of the product lines of Sony Classical and BMG Classics (including RCA Red Seal ) Its first president was Gilbert Hetherwick, from January 2005 through November 2006, displacing Peter Gelb who ...
A year later, Bertelsmann Music Group (BMG) merged with Sony Music and Sony Norte was renamed to Sony BMG Norte. [4] After BMG sold its assets in 2008, Sony BMG Norte was retitled to its current name Sony Music Latin in 2009. [5] Alex Gallardo is the current President of Sony Music Latin. [6]