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SBK Records was a record label, owned by Universal Music Group, that is currently part of the Capitol Music Group, where it is in hibernation. The label was founded in 1988 and during its time in activity existed as part of the EMI Group.
|Parent company||Universal Music Group|
|Founder||Stephen Swid |
|Distributor(s)||Capitol Music Group|
|Country of origin||United States|
Stephen Swid, Martin Bandier and Charles Koppelman formed SBK Entertainment in 1989 after they purchased the music publishing division of CBS Records, CBS Songs, in 1986 for $125 million. The name is an acronym incorporating the first letter of the founders' surnames.
The partners sold the company to EMI Music Publishing (for a reported US$295 million), and launched SBK Records. It was distributed through the short-lived EMI Records Group North America, or ERG. In 1989, Daniel Glass joined SBK as Senior Vice President of Promotion. In 1990, Glass was promoted to Executive Vice President/General Manager. With the consolidation of SBK, Chrysalis, Wild Pitch and EMI Records USA several years later into EMI Records Group North America, he rose to President-CEO.
SBK Records was part of the EMI Group, but became dormant as of 2007, when Martin Bandier left EMI Publishing for Sony Corp.'s Sony/ATV Music Publishing. EMI was sold in 2012 to two different entities and split up.
- "CBS Records to Buy Tree, Ending an Era in Nashville". New York Times. January 4, 1989. Retrieved 2012-08-29.
CBS Songs, the record company's publishing arm, was sold in 1986 for $125 million to Stephen Swid, Martin Bandier and Charles Koppelman, who renamed it SBK Entertainment. It is now the second-largest music publishing company.
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