johan jacobsson

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johan jacobsson

Wednesday, July 21, 2004

Posted 8:57 PM by soundofsuburbia

Pitchfork: Daily Music News: "Yesterday, Sony Music and Bertelsmann Music Group (aka BMG) announced that they have merged to form the world's second largest recorded music company, coming in a close second to everyone's favorite media conglomerate, Universal Music Group. Sony BMG now controls more than 22% of the global music market, with sales totaling around $8 billion annually. The merger now leaves the music industry with just four major labels: Sony BMG, Universal Music Group, WEA, and EMI."

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