Sunday, July 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Minecraft Windows 10 Edition Beta Revealed
U.S. In Running out Of IP Addresses
Uber Suspends UberPOP in France
Casio To Enter The Smartwatch Market
GELID Has A new Low-profile CPU Cooler for Intel LGA115x
Sharp Plans to Release Transparent LCDs
ARCHOS Unveils the ARCHOS 50d Helium
July 29 Won't Be The Day You'll Get Your Windows 10 Upgrade
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Optical Storage > Bertels...
Last 7 Days News : SU MO TU WE TH FR SA All News

Saturday, December 13, 2003
Bertelsmann and Sony finalize music deal


Bertelsmann AG and Sony have finalized a merger agreement that will bring some of the world's top pop artists under one roof as music companies shore up their strength in the face of rampant file-swapping on the Internet.

The newly created Sony BMG will be equally owned by Sony and Bertelsmann, the two companies said in a statement Friday. It will be the world's second-largest music company behind Universal Music Group, a part of Vivendi Universal SA.

Intially announced a nearly month ago, the deal is aimed at remaining competitive as the music industry struggles with losses blamed on the ease of exchanging music files on the Internet.

No other financial terms were released for the deal. The companies said the merger would not affect either company's music publishing businesses, CD and DVD productions, deliveries or Sony's Japanese music business.

The deal is subject to approval from regulators in the United States and the European Union.

The merger will put some of music's biggest stars under a common corporate roof. Sony Music Entertainment's labels include Columbia, Epic, and Sony Classical, and it is home to pop artists including Bruce Springsteen, Beyonce Knowles and Celine Dion.

Among the stars on BMG's various labels are Dido, the Dave Matthews Band, Christina Aguilera, Alicia Keys, Avril Lavigne and Elvis Presley.

The deal could still could run into trouble from EU regulators, who blocked a deal between Warner Music and EMI three years ago, saying it could lead to an oligopoly of four firms controlling 80 percent of the European market.

But changes in the market may work in Sony and Bertelsmann's favor, antitrust lawyers have said, noting that with advances in the ability to download music over the Internet, the two could argue they need to be bigger to survive.

The deal, which also includes Time Warner's Warner/Chappell Music publishing business, would create one of the world's largest independent music companies and include some of the industry's biggest artists, such as Madonna, R.E.M. and the Red Hot Chili Peppers.


Previous
Next
Major update of Nero 6 including the Nero PowerPack available for download        All News        Major update of Nero 6 including the Nero PowerPack available for download
Major update of Nero 6 including the Nero PowerPack available for download     Optical Storage News      Major update of Nero 6 including the Nero PowerPack available for download

Get RSS feed Easy Print E-Mail this Message

Related News
Sony's New Wireless Speakers Available In The U.S.
Sony Launches Crowdfunding Platform For Its Products
Android M Developer Preview Available for Xperia Devices
First Sony X900C and X910C Ultra-thin 4K Ultra HD TVs Launching
Sony Has Three New Cameras For You
Android 5.0, Lollipop Rolls for the Xperia Z Series, Android 5.1 coming for Xperia M2 and Xperia M2 Aqua
Sony Delivers New Entry-level Professional Camcorder, New 4K Laser Projection Options And Professional Laser and Lamp Projectors
Sony to Acquire Optical Archive As It Enters The Data Center Storage Market
Sony Aims At Growth Phase on Games, Image Sensors
Sony to License Its LDAC Audio Technology
Optical Drive Makers Face EU Antitrust Fines
Sony launches New Xperia C4 and Xperia C4 Dual Smartphones

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .