And Then There Were Four ...
Bertelsmann AG and Sony Corp have a preliminary plan to merge their music businesses, "setting the stage for a music company that would vie for world primacy with Universal Music Group," says ABC News here in a story slugged FRANKFURT, Germany Nov. 6.
A day earlier, "Sony rules out selling music business," was the headline in a Financial Times story here, going on: "Sony on Tuesday ruled out a sale of its music division as the Japanese media and electronics giant sketched out plans to use its entertainment businesses to help drive sales of new consumer electronics devices."
However, the ABC item, from an Associated Press story, apparently has it right.
|MusicDish Network Sponsor|
Andrew Lack, Sony Music Entertainment's chairman and ceo, is slated to run Sony BMG, with Rolf Schmidt-Holtz, chairman and chief executive of BMG, as chairman of the board, the new company to be equally owned by Sony and Bertelsmann.
All things being equal, Sony BMG would have a combined global market share of 25.2%, "according to the market measurement firm IFPI, just behind the 25.9 percent share held by industry leader Universal Music Group, which is part of the French conglomerate Vivendi Universal," says the report.
"In the U.S. music market, however, the combined company would edge out Universal as the largest, based on the most recent figures available from Nielsen SoundScan. Sony and BMG have a combined 28.3 share of U.S. sales, versus 27.8 percent for Universal, according to SoundScan.
"If the deal goes through it still faces approval by U.S. and European regulators it would combine Sony and BMG's recorded music business but would exclude music publishing, physical distribution and manufacturing."
» indieOn Connects Music to the Blockchain
» 13 Music Label Sold to MTN
» Darcus Beese Named President Of Island Records
» ASCAP Revenues Top $1.144 Billion In 2017
» BMG Appoints New Creative Directors In Nashville
News Beat Directory
» [2018-09-16] Live Nation Electronic Asia Inks Deal With Budweiser For Creamfields Festivals; Together, Creamfields And Budweiser Will Focus On Building Entirely New Content For Dedicated Electronic Music Fans Throughout Asia
» [2018-08-23] Andy Ma Appointed Warner Music China CEO; Andy Ma Has Also Been Appointed EVP, Commercial And Business Development For Greater China
» [2018-08-23] IndieOn Connects Music To The Blockchain; IndieOn Is Confident Of Creating A "music Miner" Who Listens More And Grow Their Token Value
» [2018-06-23] The 2018 MIDEM Silk Road International Music Alliance Signing; International Music Industries Signing Of A Mutual Resource Sharing Agreement With Shanghai Conservatory Of Music & The China Records Group
» [2018-06-06] Screen Music Connect To Explore The Music Of Film, Television And Interactive Media; Created By James Hannigan, Award-winning Composer And Game Music Connect Co-founder, Screen Music Connect Builds On The Success Of The Sold-out Game Music Conferences
» [2018-06-05] Fred Casimir To Develop BMG's Global Recordings Business; As Well As Building BMG's European Infrastructure, Casimir Was Instrumental In Developing BMG's Recordings Business
» [2018-06-03] 13 Music Label Sold To MTN; DSN Music Spins Off Record Label To Albuquerque Music Entrepreneur's New Group
» [2018-06-02] CISAC 2018 Annual Report; A Comprehensive Overview Of The Confederation's Work To Serve 4 Million Creators And 239 Authors Societies Across The World
» [2018-06-02] MusicDish Announces A Love Electric 2018 China Tour; The Tour Will Crisscross Through China With 12 Shows In 8 Cities, Including Guangzhou, Dongguan, Zhuhai, Shenzhen, Kunming, Jiaxin, Wuhan And Beijing
» [2018-06-02] Darcus Beese Named President Of Island Records; Renowned U.K. Music Executive To Join Universal Music Group's U.S. Label Leadership
» [2018-05-17] Avant-Garde Label Maybe Noise Launches In Beijing; The Official Launch Will Be On May 26 At Magnet Theater With A Performance Supporting Its First Vinyl Release: Píng Zè
» [2018-05-04] Award-Winning Lithuanian Rock Band Colours Of Bubbles "She Is The Darkness" 2018 China Tour; The Tour Will Kickoff In Shanghai Where The Band Will Represent Lithuania During The Country's Signing To The Silk Road Music Alliance
follow MusicDish on