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Sony BMG is the recorded music company jointly-owned by Sony and Bertelsmann. After the transaction, Sony will become the sole owner of Sony BMG which will be renamed Sony Music Entertainment Inc.
After investigation, the European Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area -- 27 European Union (EU) member states plus Iceland, Liechtenstein and Norway.
Sony Corporation of America is active in consumer electronics, in the entertainment industry, in music recording and music publishing. Sony BMG is a joint venture between Sony and Bertelsmann, active in the discovery and development of artists and the subsequent marketing and selling of recorded music in physical and digital format.
The commission's investigation found that Sony's full ownership and control of Sony BMG would not lead to any competition concerns.
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