Major Labels

Bertlesmann Says It Will Not Sell BMG

Sonybmg_36German newspaper Frankfurter Allgemeine Zeitung reports that Bertlesmann financial chief Thomas Rabe has acknowledged that discussions were underway with Sony, but that the focus was "not about a disposal".

According to Rabe, Bertelsmann is working with Sony to "financially optimize the joint venture".  Are more staff and roster cuts part of the plan?

Source: Digital Music News

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