Corporations & Conglomerates Codexery

Sony Music

Second-largest record company, owned by Sony Group Corporation.

It is the second largest of the "Big Three" record companies, valued at $25 billion.[1] Sony Music Entertainment, which is owned by Sony Group Corporation, is an American multinational music company that operates as the recorded music arm of the Sony Music Group.[2] Globally, Sony Music Publishing holds the position of being the foremost music publishing entity.[3]

Quick Facts

Industry
Music
Founded
9 September 1929
Headquarters
25 Madison Avenue
Country
United States
Products
Music, Entertainment

Facts from the source article.

Key facts and history

Sony renamed the record company Sony Music Entertainment on January 1, 1991.[4] In August 2004, Sony entered a joint venture with Bertelsmann to establish Sony BMG Music Entertainment.[5] On August 5, 2008, Sony agreed to acquire Bertelsmann's 50% stake in Sony BMG.[6] Several record companies consolidated in 1929 to create the American Record Corporation (ARC).[7]

Under the direction of chief executive William S. Paley, the Columbia Broadcasting System (CBS) purchased ARC in 1938.[8] A Japanese joint venture, CBS/Sony Records, was established by CBS and Sony in March 1968.[9] Sony's purchase of CBS Records, valued at US$2 billion, took place on November 17, 1987.[10] The creation of the Sony Music Group, through the combination of Sony Music Entertainment and Sony/ATV, was announced by Sony on July 17, 2019.[11]

What the cited sources add

A 2020 New York Daily News article reported that Sony Music Entertainment unloaded its stake in Syco Entertainment, allowing Simon Cowell to retain full control of the "X Factor" and "Got Talent" franchises.[12] The same article noted that Sony Music Group chairman Rob Stringer stated it was "the right thing for Simon to take control of his TV assets"[12] A 2020 Music Week article reported that Somethin' Else and Sony Music Entertainment formed a global content partnership to expand podcast development.[13]

References

  1. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: "Top 10 wealthiest music record labels", BusinessDay (original not read by us) en.wikipedia.org
  2. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: Wang, "Sony's Music Recording and Music Publishing Companies Are Now One", Penske Media Corporation, July 17, 2019 (original not read by us) en.wikipedia.org
  3. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: Yamazaki, "Sony in US$2.3 billion deal, becomes the world's biggest music publisher", Reuters, May 21, 2018; Halperin, "Sony to Buy Additional 60% Stake in EMI Music Publishing for $2.3 Billion", Variety, May 21, 2018 (original not read by us) en.wikipedia.org
  4. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: "CBS Records Changes Name", Reuters, October 16, 1990; "Epic Records:The vanishing label to-be?", Steve Hoffman Music Forums, May 9, 2008; "CBS Records Changes Name", Reuters, October 16, 1990; "Vol.15 : CBS/Sony Records Inc. Established in 1968", Sony Time Capsule (original not read by us) en.wikipedia.org
  5. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: Kaplan, "Sony Buys Bertelsmann's 50% Stake In Sony BMG For $1.2B", Forbes; "Acquisition of Shares in BMG Japan Inc. by Sony Music Entertainment Japan Inc. for Sony", Sony Music Entertainment Japan, October 2, 2008 (original not read by us) en.wikipedia.org
  6. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: Nakashima, "Sony BMG split-up gives Sony more options", Los Angeles Times, October 14, 2008; "Sony Music Entertainment and IODA announce strategic partnership", Sony Music Entertainment, July 1, 2009; Adegoke, "Sony Music, IODA Create Digital Network", Reuters, July 1, 2009; Kreps, "Michael Jackson Estate, Sony Strike Massive $250 Million Deal to Release King of Pop's Music", March 16, 2010 (original not read by us) en.wikipedia.org
  7. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: Wald, "Josh White: Society Blues", Routledge Chapman & Hall, 2002, p. 28; Tschmuck, "Creativity and Innovation in the Music Industry", Springer Science & Business Media, March 14, 2012, p. 70 (original not read by us) en.wikipedia.org
  8. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: White, "King of the Cowboys, Queen of the West: Roy Rogers And Dale Evans", Popular Press, July 1, 2006, p. 51; "Columbia Records paperwork collection", Library of Congress; "Wallerstein Up To Top As Col Boosts White", January 3, 1948, p. 17; "Columbia's Epic to Bow with Classic, Pop Line", September 19, 1953, p. 14; "Date (N.Y.)", Rockin' Country Style; "Who Else Has Four Big Plants? (advertisement)", June 30, 1962, p. 15 (original not read by us) en.wikipedia.org
  9. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: "Leiberson to Helm Group; Other Changes Made in the CBS Guard", June 18, 1966, p. 10; "Lieberson Heads New C.B.S. Group. Put in Charge of Activities Outside Broadcasting", The New York Times, June 10, 1966; "CBS/Sony Records is Established in First Round of Capital Deregulation", Sony History (original not read by us) en.wikipedia.org
  10. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: Pareles, "CBS Records to Buy Tree, Ending an Era in Nashville", The New York Times, January 4, 1989, p. D1 (original not read by us) en.wikipedia.org
  11. Wikipedia, "Sony Music" (CC BY-SA 4.0), which cites: Christman, "Sony Corp. Restructures Music Division, Brings Recorded Music, Sony/ATV Publishing Together Under Rob Stringer", July 17, 2019; Stassen, "Rob Stringer to run new Sony Music Group, housing publishing and records, from August 1", Music Business Worldwide, July 17, 2019; Aswad, "Sony Unites Recorded Music and Publishing Under One Company", Variety, July 17, 2019 (original not read by us) en.wikipedia.org
  12. Daniels, "Simon Cowell acquires Sony Music's stake and retains full control of 'Got Talent' and 'X-Factor'", New York Daily News, July 16, 2020. facts only, no text reused. nydailynews.com
  13. "Somethin' else and Sony Music launch podcast partnership". facts only, no text reused. musicweek.com

Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article Sony Music (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.

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