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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 Auto video game series. [1]
Just under three weeks after Blake Shelton announced he was leaving Warner Music Nashville, his label home since the start of his recording career in the early 2000s, BBR Music Group/BMG Nashville ...
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.
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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]
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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.
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 .