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Motown 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, [2][3] and incorporated as Motown Record Corporation on April 14, 1960. [4] . Its name, a portmanteau of motor and town, has become a nickname for Detroit, where the label was originally headquartered.
Gordy sold his interests in Motown Records to MCA and Boston Ventures on June 28, 1988, for $61 million (equivalent to $135,610,000 in 2023). He later sold most of his interests in Jobete publishing to EMI Publishing.
Jun 29, 1988 · 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...
Sep 15, 2024 · Motown, recording company founded by Berry Gordy, Jr., in Detroit, Michigan, U.S., in 1959 that became one of the most successful Black-owned businesses and one of the most influential independent record companies in American history. It gave its name to the hugely popular style of soul music that it created.
Mar 1, 2021 · SANTA MONICA, March 1, 2021 — Universal Music Group (UMG), the world’s leading music-based entertainment company, announced today that Ethiopia Habtemariam, who has served as President of Motown since 2014, has been elevated to Chairman and CEO of the label, reporting directly to UMG Chairman and CEO Sir Lucian Grainge.
Jan 9, 2019 · Sixty years ago, Berry Gordy set up the hit factory of Motown. Arwa Haider looks at how an independent record label created one of the most influential sounds of the 20th Century. On 12 January...
Mar 8, 2021 · With Habtemariam’s promotion, Motown is separating from parent label Capitol Music Group and becoming its own flagship label for Universal Music Group (UMG). The music exec will report directly...
