wax&wires

Sony Music Woes Extend To Digital Sales

The struggling music units of Sony Corp. and Bertelsmann AG merged in 2004 so that a combined company could better fend off illegal file sharing and shrinking CD sales.

The new recording company, named Sony BMG, was expected to wield the kind of resources that could challenge Universal Music Group as the largest of the four top labels. Sony BMG would own a chunk of U.S. music sales almost as big as Universal’s.

To say the deal failed to deliver on the promise is probably an understatement. More than four years after the merger, there isn’t a more troubled major label around.

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This entry was posted on Wednesday, February 11th, 2009 at 6:38 pm. It is filed under wax and tagged with album sales, digital, download, majors, record labels, sony. You can follow any responses to this entry through the RSS 2.0 feed.