Major Labels

Sony May Try To Buy Out BMG

Sonybmg_34The latest rumors have Sony looking at a purchase of the BMG half of Sony BMG, but BMG parent Bertlesmann denies it.  This comes in the wake of internal shake-ups at the label and Bertlesmann’s need for cash to pay off a bridge loan it took to buy out an investor who wanted the private company to go public. (Celebrity Access)

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