07/11/2003 Sony and BMG create the world's #2 in music industry
BMG Merger Festival Cut 5mi
In 2004, Sony and Bertelsmann established a 50-50 joint venture called Sony BMG Music Entertainment and transferred businesses of Sony Music Entertainment and Bertelsmann Music Group into the joint venture, although later in 2008, Sony acquired Bertelsmann's stake and the company reverted to the SME name.
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