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To: 10K a day who wrote (92712)1/31/2000 10:48:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Well... Glenn....My Mom (bless her soul) ..would be rolling in her grave with laughter. :0)

Maybe this just fits the Amazon story;-) Hmmm...16 million customers LOL.



To: 10K a day who wrote (92712)1/31/2000 10:51:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Top Financial News
Mon, 31 Jan 2000, 10:45pm EST

Sony, Bertelsmann Are Discussing Music Division Merger,
Newspapers Report
By Yoshifumi Takemoto

(Adds Sony share price.)

Tokyo, Feb. 1 (Bloomberg) -- Sony Corp., Japan's No. 2 home
electronics maker, and Bertelsmann AG, the third-largest media
group, are discussing a music merger that would create the world's
largest music company, the New York Post and Hollywood Reporter
said.

Bertelsmann AG is under growing pressure to fatten its music
collection after Time Warner Inc. linked with EMI Group Plc to
form the world's biggest recorded-music company.

A Bertelsmann spokeswoman declined to comment, the Post said.

Sony officials also refused to discuss the report.
``Sony is not in a position to comment on any stories based
on speculation,' said Tatsuyuki Sonoda, manager of Sony's
Investor Relations department in Tokyo.

Sony Corp., whose music division's sales fell 9.2 percent to
214 billion yen ($1.9 billion) in the three months to December,
has been hurt by the yen's strength, higher talent development
costs and the flagging performance of its Japanese unit, Sony
Music Entertainment (Japan) Inc.

Reports of talks between Sony and Bertelsmann underscore
changes sweeping the music industry worldwide. The Time Warner-EMI
agreement to merge their music units into a joint venture called
Warner EMI Music trims the number of major distributors to just
four from six in less than two years. It also highlights how
Bertelsmann Music Group is the smallest of the four, trailing
Seagram Co.'s Universal Music and Sony Corp.

Sony's music sales, especially in Europe, Latin America and
Japan, were hurt by the lack of hit songs in the just-finished
quarter, Sony said last week. The company's artists include Latino
pop idol Ricky Martin and Japanese rock group L'Arc en Ciel.

Sony's best sellers in the three months to December included
Celine Dion's ``All the Way - A Decade of Song,' Mariah Carey's
``Rainbow' and Will Smith's ``Willennium.'

Sony shares rose as much as 2 percent to 27,500.