Sony Music Entertainment
Sony Music Entertainment is the current name for what was, until 2008, Sony BMG. That group was created in 2004 from the merger of the US-based music arm of Sony Corporation with Bertelsmann's BMG Music Entertainment. The two parent groups became joint shareholders in the enlarged business, which is the world's second largest music group (after Universal), with a huge portfolio of artists and labels worldwide. Despite fears that the merger proposal might be rejected by European regulators, the deal was approved without conditions in 2004. In an astonishing turnaround, a European court overturned that ruling two years later, leading to the possibility that the two companies could be forced to separate once more. In October 2007, however, the merger was approved without condition for a second time. The following year, Bertelsmann began negotiations to sell its half share in the business to Sony, and a deal was agreed that summer. After completion the company rebranded as Sony Music Entertainment. In 2011, Sony made plans to strengthen its music publishing division considerably through the acquisition of EMI's equivalent subsidiary for $2.2bn.
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Sony Music Entertainment website
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