sonybmg.jpgSony 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]

 
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  1. Dead Air ummm Dead Air  |   Posted on Aug 5th, 2008

    I’m either going to have a lot of work for the next few monthes…or I’m so fired.

  2. Maura Johnston  |   Posted on Aug 5th, 2008
  3. Captain Wrong  |   Posted on Aug 5th, 2008

    $1.5 Billion? For real???

  4. baconfat  |   Posted on Aug 5th, 2008

    @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.

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