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It was sold to MCA in 1986. The company was in the red. Gordy had to either sell it or risk losing it.
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How many records has Motown sold?
Berry Gordy Jr. sold the Motown record label to MCA in 1988 for $61m according to this NYT article: http://www.nytimes.com/1988/06/29/business/motown-sold-to-mca.html It also mentions that he retained the company's sheet music and film business as part of the transaction.
WHEN DID Motown start and stop?
Tamla Records, the first label in the Motown group, was formed in January 1959. Motown is still going, currently as part of the Universal Music Group, but it ceased to be an independent company in June 1988 when founder Berry Gordy Jr. sold the business to MCA for $61 million.
How many records have the temptations sold?
the temptations had sold about over 2200 records
Who was the first black man to be signed to Motown records?
That would be Marv Johnson, who recorded the very first Motown single, "Come To Me", in January 1959. As soon as the record looked like becoming a hit, his contract was sold to United Artists for a high price, providing Motown with financial stability in its very earliest days.
What are Motown characteristics?
why they call it motown
What rhymes with Motown?
There are no perfect rhymes for the word Motown.
What did Motown records advertise its self as?
Motown is life
Where is Motown located?
Motown is Detroit city's nickname. Motor City
Where does the name Motown come from?
It's located in Detroit, which is known as The Motor City....Motown is a shortened version.
Who made Motown?
Berry Gordy created Motown records.
When was A Motown Christmas created?
A Motown Christmas was created in 1973.
When was Motown Gold created?
Motown Gold was created in 1966.
