• Sep 30, 2008
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  • Sony Completes Acquisition of Bertelsmann’s 50% Stake in Sony BMG

Music Company Becomes Wholly Owned Subsidiary of Sony Corporation of America

New York, October 1, 2008 – Sony Corporation today announced that it has completed the acquisition of Bertelsmann’s 50% stake in Sony BMG, which was originally announced on August 5, 2008.  The music company, to be called Sony Music Entertainment Inc. (SMEI), is now a wholly owned subsidiary of Sony Corporation of America.

SMEI is comprised of premier music labels such as:  Arista Records, Columbia Records, Epic Records, J Records, Jive Records, RCA Records, and Zomba.  Key recording artists include Celine Dion, Alicia Keys, Yo-Yo Ma, Bruce Springsteen, Justin Timberlake, Usher and Jay Chou.

About Sony Corporation

Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world.  Sony recorded consolidated annual sales of approximately $88.7 billion for the fiscal year ended March 31, 2008.  Sony Global Web Site: http://www.sony.net/

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