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August 04, 2015 12:09 PM ET

Media

Company Overview of Sony Music Entertainment Inc.

Company Overview

Sony Music Entertainment Inc. operates as a music publishing company. It publishes various music labels, including classic, rock, and other albums. The company was founded in 2004 and is headquartered in New York, New York with additional offices in Argentina, Australia, Austria, Belgium, Brazil, Canada, Central America, Chile, China, Colombia, the Czech Republic, Denmark, Finland, France, Germany, Greece, Holland, Hong Kong, Hungary, India, Indonesia, Ireland, Italy, Korea, Malaysia, Mexico, New Zealand, Norway, Poland, Portugal, the Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom, the United States, and Venezuela; and Du...

550 Madison Avenue

Room 2316

New York, NY 10022-3211

United States

Founded in 2004

Phone:

212-833-8000

Fax:

212-833-5828

Key Executives for Sony Music Entertainment Inc.

Chief Executive Officer
Age: 76
Chief Financial Officer and Executive Vice President
Chief Executive of BMG Unit Zomba Lable Group, President of BMG Unit Zomba Lable Group and Head of BMG Label Group
Chairman of International, Chief Executive Officer of International and President of International
Chairman of Epic Records and Chief Executive Officer of Epic Records
Compensation as of Fiscal Year 2015.

Sony Music Entertainment Inc. Key Developments

Big Machine Not Up For Sale

Scott Borchetta has decided not to sell his company, atleast for now. While a number of companies were said to be interested in acquiring Big Machine. Borchetta had talks with Sony Music Entertainment Inc., Warner Music Group Corp., iHeartMedia, Inc. (OTCPK:IHRT), Snapchat, Inc. and some private equity firms — in the end, Scott Borchetta apparently didn't get the deal he wanted. Sources initially suggested he was looking for a valuation of $225 million to $250 million, but added that interested parties looking at Big Machine Label Group were putting the valuation at around $185 million to $200 million.

Sony Music Reportedly Eye Large Stake In Rhapsody

New York Post reported that Sony Music Entertainment Inc. is considering acquiring a large stake in Rhapsody International Inc. L. A. Reid, Chairman and Chief Executive Officer of Epic Records, division of Sony Music is bidding to acquire a large stake in Rhapsody and Pegasus Capital Group has been hired to help fund the acquisition. One source stated that L. A. Reid has received a waiver from Sony Music to personally acquire stake in Rhapsody, however it has been muted that Sony Music will own a large piece of Rhapsody.

Sony Music Entertainment Inc. Announces Resignation of Gary Overton as Chairman and CEO of Sony Music Nashville

Sony Music Entertainment Inc. announced that Gary Overton will step down as chairman and CEO of Sony Music Nashville at the end of March 2015.

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