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Chapter 399 carve up event
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... income every year, but now, it is actually a younger brother whose ownership cannot be determined.
The predecessor of Sony Music was American Records, which was established in 1929.
In 1938, it was acquired by CBS and changed its name to Columbia Records.
In 1987, Sony acquired Columbia Records for 2 billion. Since Sony did not own the right to use the Columbia trademark, in order to avoid disputes, Columbia Records was renamed Sony Music by Sony in 1991.
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