Bertelsmann Music Group (BMG) was a division of German media company Bertelsmann before its completion of sale of the majority of its assets to Sony Corporation of America on 1 October 2008. Although it was established in 1987, the music company was formed as RCA/Ariola International in 1985 as a joint venture to combine the music label activities of RCA Corporation’s RCA Records division and Bertelsmann’s Ariola Records and its associated labels which include Arista Records. It consisted of the BMG Music Publishing company, the world’s third largest music publisher and the world’s largest independent music publisher.
The joint venture with Sony Music was set up in August 2004. It reduced the Big Five record companies to the Big Four record companies. At that time, the company had a 21.5% share in the global music market. Sony Music and BMG remained separate in Japan, although BMG Music Japan was wholly owned by Sony BMG.
The portfolio includes rights in songs and recordings by artists such as Kylie Minogue, Avril Lavigne, The Rolling Stones, The Cranberries, Jason Aldean, David Bowie, Chrissie Hynde, Roger Waters, Iggy Pop, Quincy Jones, Lenny Kravitz, etc.
|Current version year||1987|
|Country||New York, USA|