[78-L] Columbia classics [FWD]

[Michael Shoshani]

On Thu, 2010-01-28 at 22:33 -0500, Steven C. Barr wrote:
> This is why all the major
> changes occurred from 1923-4 through to 1932...when the formation of
> EMI in the UK put both Victor and US Columbia under the same owners
> and Columbia had to be sold off because of the Sherman Anti-Trust law.

Neither EMI nor HMV had an ownership stake in Victor. Victor was
Johnson's baby until he and his board sold it to Seligman & Spyer, who
turned around and sold it to Sarnoff's mighty RCA. 

RCA did have something like a 40% ownership stake in EMI at one point,
and Sarnoff sat on the board. But this started crumbling in the 1950s as
the US government started investigating these transatlantic
cross-pollenations.