Sony will become the sole owner of Sony BMG after it buys out Bertelsmann’s 50% stake in the company, which will be rebranded as Sony Music Entertainment Inc. (My prototype for the new company’s logo is at left.) The sale’s rumored value? $1.5 billion. Yes, with a “B.” [Reuters]
August 5th, 2008 // 4 Comments
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I’m either going to have a lot of work for the next few monthes…or I’m so fired.
@Dead Air ummm Dead Air: Oh no :(
$1.5 Billion? For real???
@Captain Wrong: Seriously. BMG has practically no strong-selling catalog to speak of. Sony must be betting on the continued success of J Records and Dave Matthews Band.