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The End of Sony BMG

August 7, 2008

Song BMG is no more.

The 4 year partnership/merger ended when Sony recently bought out BMG’s interest in the company for….. $1.2 Billion. With declining recorded music sales, you would think it’s a dumb move.

However, SONY is also acquiring the publishing companies, from which they can tap into for advertising campaigns (Playstation anyone??). Not only that, they now own a lot more music, so they can better compete with the digital sales monster known as ITUNES.

Who knows how this will pan out and if this means anything positive for artists. We shall see.

Make Great Music,

Hoover

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