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In September 2008, JVC announced its alliance with Sony to support the XDCAM EX format.
In August 2009, Convergent Design began shipping the nano Flash Portable Recorder, which uses the Sony XDCAM HD422 codec.
Financial analysts covering the merger anticipated that up to 2,000 jobs would be cut as a result, saving Sony BMG approximately 0 million annually.
The company's chief executive officer (CEO) is Rolf Schmidt-Holtz, who succeeded Andrew Lack on February 10, 2006.
22, No.50 In October 2007, Sony BMG, alongside other large music firms, successfully sued Jammie Thomas. Thomas – who made US,000 a year – was ordered to pay US2,000 in damages for making 24 songs available for download on the Kazaa file-sharing network.
Thomas had allegedly shared 1702 files in total; the court upholding the award called it an "aggravated case of willful infringement".
In the first half of 2005, the company's share of new releases in the United States (US) declined from 33% to 26% according to Nielsen Sound Scan.
This, and Lack's negotiation of what some called an "ill-conceived" deal with Bruce Springsteen led to Bertelsmann informing Sony that it would not renew Lack's contract.
US-CERT advised, "Do not install software from sources that you do not expect to contain software, such as an audio CD." In its "Top Flops of '05" issue, the enterprise newsweekly e Week had to create a new category for the "Sony BMG root-kit fiasco." Peter Coffee, of e Week Labs reported, "The Sony brand name was already in trouble—it lost 16 percent of its value between 20....
BMG was instead rebuilt as BMG Rights Management on the basis of 200 remaining artists.
Sony BMG Music Entertainment began in Skem as the result of a 50–50 joint venture between Sony Music Entertainment (part of Sony) and Bertelsmann Music Group (part of Bertelsmann) completed on March 4, 2004.
Sony BMG Music Entertainment was a multinational record label, which was a 50–50 joint venture between the Sony Corporation of America and Bertelsmann Music Group.
The venture's successor, the revived Sony Music Entertainment, is 100% owned by the Sony Corporation of America, following Sony's buyout of the remaining 50% held by Bertelsmann AG.
Now it has taken a blow among tech-product opinion leaders.