Sale To Gaylord Entertainment Group, Sony/ATV
Recognizing the frailty of their health and that the company he and Fred Rose had founded in 1942 was in steady decline, Roy Acuff approached Wesley Rose late in 1984 and suggested that it was time to sell the catalog. They did not have to look very far for a buyer. By May 1985, Grand Ole Opry parent company Gaylord Entertainment Company purchased the catalog. The company returned to prominence during this time under the guidance of Music Row veterans Jerry Bradley and Troy Tomlinson. However, finding itself in need of cash in order to complete construction of one of its trademark convention hotels in Texas, Gaylord sold the publishing company to Sony/ATV Music Publishing in 2002. Sony/ATV Music Publishing had previously purchased Acuff-Rose's main Music Row rival, Tree International. The combined catalogs continue to dominate the country music publishing industry. In 2007, Sony/ATV Music Nashville became the first publisher in history to capture BMI Country Music Publisher of the Year, ASCAP Country Music Publisher of the Year, SESAC Country Music Publisher of the Year, and Billboard Country Music Publisher of the Year.
Read more about this topic: Acuff-Rose Music
Famous quotes containing the words sale and/or sony:
“I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship, or the sale of goods through pretending that they sell, or power through making believe you are powerful, or through a packed jury or caucus, bribery and “repeating” votes, or wealth by fraud.”
—Ralph Waldo Emerson (1803–1882)
“In the end we beat them with Levi 501 jeans. Seventy-two years of Communist indoctrination and propaganda was drowned out by a three-ounce Sony Walkman. A huge totalitarian system ... has been brought to its knees because nobody wants to wear Bulgarian shoes.... Now they’re lunch, and we’re number one on the planet.”
—P.J. (Patrick Jake)