After the acquisition, the music company, to be called Sony Music Entertainment, will become a wholly owned subsidiary of Sony Corporation of America.
Sony and Bertelsmann originally created the Sony BMG joint venture in August 2004.
"Music has been a vital and vibrant part of Sony's culture for over 20 years," said Howard Stringer, chairman and chief executive officer of Sony Corporation.
"This acquisition will allow us to achieve a deeper and more robust integration between the wide-ranging global assets of the music company and Sony's products, operating companies and affiliates. It enables us to offer a total entertainment experience to consumers."
"Over the past four years, Sony BMG has undertaken a very successful restructuring, streamlined operations and developed innovative digital partnerships that ensure it will continue to be a leader in the creation and distribution of music worldwide."
The Sony music group will be comprised of premier music labels such as: Arista Records, Columbia Records, Epic Records, J Records, Jive Records, RCA Records, and Zomba. Key artists will include Celine Dion, Alicia Keys, Yo-Yo Ma, Bruce Springsteen, Justin Timberlake, Usher and Jay Chou.
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