CBS Records to Change Name to Sony Music Entertainment
NEW YORK (AP) _ Sony Corp., which acquired CBS Records Inc. in 1988, will change the music company’s corporate name to Sony Music Entertainment Inc. under the terms of the aquisition agreement, the company announced Monday.
CBS Inc. had agreed to allow Sony to use the CBS Records name for three years.
The name change will take effect Jan. 1, 1991, but it won’t affect the company’s domestic record labels, which are Columbia, Epic, Associated and WTG, said spokesman Bob Altshuler.
The company’s artists include Michael Jackson, New Kids on the Block, Bruce Springsteen, Billy Joel and Barbara Streisand.
In a separate announcement, Sony said it had acquired the Columbia label for international use from EMI.
EMI had owned the rights to use the name outside the U.S. except in Japan and Spain. Starting Jan. 1, Sony will use the Columbia name internationally except in those two countries.
The music of Columbia artists, including Springsteen, Joel and Streisand, had been released in foreign markets under the CBS trademark.