How much did Berry Gordy sell Motown Records for?
Berry Gordy Jr., the former Detroit auto worker who built Motown Records into what was once the nation’s largest black-owned business, has sold the company for $61 million to MCA Inc. and Boston Ventures Limited Partnership, the companies announced Tuesday.
Who sold the most Motown Records?
The Supremes
The Supremes were the most commercially successful Motown act and are still America’s most successful vocal group with 12 No. 1 singles on the Billboard Hot 100.
Who owns Motown Records now?
Universal Music Group
Capitol Music Group
Motown/Parent organizations
When did Motown Records go out of business?
When Motown Records shut down its operations in Detroit at the end of June, 1972, it was a shock – or at least it seems so, in retrospect.
How much did MCA sell Motown for?
Motown Records, the company that introduced some of popular music’s biggest stars, including Michael Jackson and Stevie Wonder, has been sold to MCA Inc. and an investment banking firm for $61 million, it was announced today.
How much is Smokey Robinson’s estate worth?
Real Estate: In 2002, Robinson sold his home in Encino, Los Angeles for $2.3 million. Built in 1912, this luxurious estate features 10,600 square feet of living space, including an 800-square-foot private deck….Smokey Robinson Net Worth.
| Net Worth: | $150 Million |
|---|---|
| Date of Birth: | Feb 19, 1940 (81 years old) |
| Gender: | Male |
| Height: | 5 ft 11 in (1.82 m) |
Is there still a Motown Records?
Motown Records is an American record label owned by the Universal Music Group. It was founded by Berry Gordy Jr. as Tamla Records on January 12, 1959, and incorporated as Motown Record Corporation on April 14, 1960….Motown.
| Motown Records | |
|---|---|
| Official website | www.motownrecords.com |
What year did Motown move to Los Angeles?
1972
By the summer of 1972, Berry Gordy moved the entire Motown operation from Detroit to Los Angeles, making MoWest more or less redundant. It shut down the following year and most of its catalog went quickly out of print.
When did MCA Buy Motown?
1988
In 1988, MCA and Boston Ventures teamed up to buy Motown from founder Berry Gordy Jr. for $61 million. MCA got an 18 percent equity cut and a 10-year agreement to distribute Motown’s records for a 25 percent fee.
Is Motown still in business?
Motown expanded into film and television production. It was an independent company until MCA Records bought it in 1988. PolyGram purchased the label from MCA in 1993, followed by MCA successor Universal Music Group, which acquired PolyGram in 1999….Motown.
| Motown Records | |
|---|---|
| Official website | www.motownrecords.com |