Sony Music is an American music company owned by this company that is incorporated as a general partnership of Sony Music Holdings Inc. through Sony Entertainment, a subsidiary of sony corporation of america The company was first founded in 1929 as American Record corporation and renamed Columbia Recording Corporation in 1938, following its acquisition by the Columbia Broadcasting System. In 1966, the company was reorganized to become CBS Records. Sony Corporation bought the company in 1987 and renamed it Sony Music Entertainment in 1991.
In 2004, this company and Bertelsmann established a 50-50 joint venture called Sony BMG Music Entertainment and transferred businesses of this company (former CBS Records) and Bertelsmann Music Group into the joint venture, although later in 2008, this channel acquired Bertelsmann's stake and the company reverted to the SME name. The buyout led to the dissolution of BMG, which relaunched as BMG Rights Management. this company is one of the "Big Three" record companies, being the second largest after Universal Music Group(UMG) and ahead of Warner Music Group(WMG).