MUSIC INDUSTRY BUSINESSES - USA / AMERICA
Columbia Records is a major American record company and label that has gone through a number of changes since it was founded in 1888. For most of its life it was known as one of the worlds largest recorded music companies until it was sold to the Sony Corporation in 1988 who renamed Columbia's global operation as Sony Music Entertainment (which still retained its global size) in 1991 and as a result of the change of ownership, reformatted the name Columbia Records into a subsidiary record label division to keep the name Columbia Records as one of its divisions.
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