Sony

Sony Music Entertainment Inc. (also known as Sony Music or more simply as SME) is an American music corporation managed and operated by Sony Corporation of America. It is the world's second largest recorded music company, after Universal Music Group. The company has been known by many names over the course of history. First founded as American Record Corporation (ARC) in 1929, it was renamed Columbia Recording Corporation, following ARC's acquisition by CBS in 1938. In 1966, the company was reorganized to become CBS Records. In 1987, Sony Corporation of Japan bought the company, and it took on its most current name, SME, in 1991.