Columbia's success continued through the 1950s with the launch of Epic Records in 1953 and Date Records in 1958.
Edward Wallerstein, who served as the head of Columbia Records since the late 1930s, helped establish the company as a leader in the record industry by spearheading the successful introduction of the LP record. The company was later renamed Columbia Recording Corporation, and changed again to Columbia Records Inc. In 1938, ARC was acquired by the Columbia Broadcasting System (CBS) under the guidance of the chief executive William S. The company grew for the next several years, acquiring other brands such as the Columbia Phonograph Company, including its Okeh Records subsidiary, in 1934. The American Record Corporation (ARC) was founded in 1929 through a merger of several record companies. Main article: American Record Corporation The merger was completed on August 1, 2019. On July 17, 2019, Sony announced that Sony Music Entertainment and Sony/ATV would merge to become Sony Music Group.
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From 2009 to 2020, Sony owned 50% of Syco Entertainment, which operates some of the world's most successful reality TV formats, including Got Talent and The X Factor with Simon Cowell. Its music publishing division Sony/ATV (now known as Sony Music Publishing) is the largest music publisher in the world. Arista Records would later go on to be revived in 2018.Īs of 2020, Sony Music Entertainment is the second largest of the " Big Three" record companies, behind Universal Music Group and followed by Warner Music Group. All of BMG's former labels ( Arista, Jive, LaFace, J, etc.) would eventually be absorbed into RCA Records (also formerly owned by BMG) in 2011. However, in 2008, Sony acquired Bertelsmann's stake, and the company reverted to the Sony Music name shortly after the buyout allowed Sony to acquire all of BMG's labels, which led to the relaunch of BMG, as BMG Rights Management. In 2004, Sony and Bertelsmann established a 50-50 joint venture known as Sony BMG, which transferred the businesses of Sony Music and Bertelsmann Music Group into one entity. In 1966, the company was reorganized to become CBS Records, and Sony Corporation bought the company in 1988, renaming it under its current name in 1991. It was originally founded in 1929 as American Record Corporation and renamed as Columbia Recording Corporation in 1938, following its acquisition by the Columbia Broadcasting System. Owned by the parent conglomerate Sony Group Corporation, it is part of the Sony Music Group, which is owned by Sony Corporation of America. Sony Music Entertainment, also known as just Sony Music, is an American multinational music company. See List of Sony Music Entertainment labels