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
New York, NY 10022-3211
Founded in 2004
Big Machine Not Up For Sale
Jul 2 15
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
Jun 2 15
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
Mar 17 15
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.