TITLE

End of an era as Sony gains Bertelsmann's music assets

AUTHOR(S)
Ashton, Robert
PUB. DATE
August 2008
SOURCE
Music Week;8/16/2008, Issue 33, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the sale of nearly all of Bertelsmann AG's music assets to Sony Corp. Bertelsmann Music Group Inc. (BMG) retains a small music catalogue and reports that the sale will allow it to focus on the music rights management business. Also described is the sale of BMG Music Publishing to Universal Music Group in 2006. The combined total for the sale of Bertelsmann's music assets and publishing business is reported to be $3.6 billion. INSET: TIMELINE.
ACCESSION #
33976941

 

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