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CBS Songs
SBK Records was a record label, owned by Universal Music Group, that was currently part of the Capitol Music Group, where it is in hibernation. The label was founded in 1988 and during its time in activity existed as part of the EMI Group. History Stephen Swid, Martin Bandier and Charles Koppelman formed SBK Entertainment in 1989 after they purchased the music publishing division of CBS Records, CBS Songs, in 1986 for $125 million. CBS Songs was subsequently renamed to SBK Songs. The name is an acronym incorporating the first letter of the founders' surnames. The partners sold the company to EMI Music Publishing (for a reported US$295 million), afterward SBK Songs was renamed EMI Songs and with support of Capitol Records launched SBK Records. It was distributed through the short-lived EMI Records Group North America, or ERG. In 1989, Daniel Glass joined SBK as Senior Vice President of Promotion. In 1990, Glass was promoted to Executive Vice President/General Manager. With the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Music Group
Universal Music Group N.V. (often abbreviated as UMG and referred to as just Universal Music) is a Dutch– American multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands and its operational headquarters are located in Santa Monica, California. The biggest music company in the world, it is one of the " Big Three" record labels, along with Sony Music and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021. Pershing Square Holdings later acquired ten percent of UMG prior to its IPO on the Euronext Amsterdam stock exchange. The company went public on September 21, 2021, at a valuation of €46 billion. In 2019, ''Fast Company'' named Universal Music Group the most innovative music company and listed UMG among the Top 50 most innovative companies in the world and "amid the music industry's digital tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
