Sony Music Entertainment (sometimes known plainly as Sony Music or by the acronym SME) is a United States music corporation owned and operated by Sony Corporation of America, a subsidiary of Japanese conglomerate Sony Corporation. In 1929, the enterprise was first founded as American Record Corporation and, in 1938, was renamed Columbia Recording Corporation, following ARC's acquisition by CBS. In 1966, the company was reorganized to become CBS Records. In 1987, SCA bought the company and, in 1991, renamed it SME. - Source: Wikipedia
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