The American Record Corporation ARC was founded in 1929 through a merger of several record companies.
The company grew for the next several years, acquiring other brands such as the Columbia Phonograph Company, including its Okeh Records subsidiary, in 1934.
In 1938, ARC was acquired by the Columbia Broadcasting System CBS under the guidance of the chief executive William S. Paley.
The company was later renamed Columbia Recording Corporation, and changed again to Columbia Records Inc. in 1947.
Columbia's international arm was launched in 1962 under the name CBS Records, as the company only owned the rights to the Columbia name in North America.
In 1964, the company began acquiring record companies in other countries for its CBS Records International unit and established its own UK distribution outfit with the acquisition of Oriole Records.
By 1966, Columbia was renamed as CBS Records and was a separate unit of parent company, CBS-Columbia Group.
In March 1968, CBS and Sony formed CBS Sony Records, a Japanese business joint venture.
In 1971, CBS Records was expanded into its own CBS Records Group , with Clive Davis as its administrative vice president and general manager.
In 1983, CBS expanded its music publishing business by acquiring the music publishing arm of MGM UA Communications Co.. CBS later sold the print music arm to Columbia Pictures.
By 1987, CBS was the only big three American TV network to have a co-owned record company.
The sale was completed on January 5, 1988.
In 1989, CBS Records re-entered the music publishing business by acquiring Nashville-based Tree International Publishing.
In August 2004, Sony entered joint venture with equal partner Bertelsmann, by merging Sony Music and Bertelsmann Music Group, Germany, to establish Sony BMG Music Entertainment.
On August 5, 2008, Sony Corporation of America SCA and Bertelsmann announced that Sony had agreed to acquire Bertelsmann's 50 stake in Sony BMG. The company completed the acquisition on October 1, 2008.
In March 2010, Sony Corp partnered with The Michael Jackson Company in a contract of more than 250 million, the largest deal in recorded music history.
In July 2014, Sony Music sold the historic Little Sisters of the Poor Home for the Aged building in Nashville, Tennessee to Vanderbilt University for 12.1 million.
2020 Sony Music Entertainment Japan Inc.
|Company Name||Founded Date||Revenue||Employee Size|
Universal Music Group1934
Warner Music Group1929
Sony Corporation of America1960
Blind Pig Records1977
Mercer County Bd Social Svcs1932
Clear Channel Communications1901