Delta Entertainment Corporation
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Delta Entertainment Corporation
Delta Entertainment Corporation, based in Los Angeles, California, was a major supplier of music and video products. The company filed for bankruptcy in 2007. History Delta Entertainment Corporation released music under the labels of LaserLight Digital, Time-Life Music, Reader's Digest Music, Yamaha, Legend and Style, Capriccio and Delta. On July 25, 2007, Delta Entertainment Corporation filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Court for the Central District of California, Los Angeles. At the time of the Chapter 11 filing, two major unsecured creditors were Sony Disc Manufacturing, owed over $1,000,000, and the Harry Fox Agency, which was owed over $300,000. The latter controls the issuance of all mechanical licenses for the reproduction of musical compositions, and collects the licensing fees on behalf of music publishers, effectively having a monopoly on this area of the music business. UncreditedDelta Entertainment retains Barry C ...
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Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ...
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California
California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territories of the United States by population, most populous U.S. state and the List of U.S. states and territories by area, 3rd largest by area. It is also the most populated Administrative division, subnational entity in North America and the 34th most populous in the world. The Greater Los Angeles area and the San Francisco Bay Area are the nation's second and fifth most populous Statistical area (United States), urban regions respectively, with the former having more than 18.7million residents and the latter having over 9.6million. Sacramento, California, Sacramento is the state's capital, while Los Angeles is the List of largest California cities by population, most populous city in the state and the List of United States cities by population, ...
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Reader's Digest
''Reader's Digest'' is an American general-interest family magazine, published ten times a year. Formerly based in Chappaqua, New York, it is now headquartered in midtown Manhattan. The magazine was founded in 1922 by DeWitt Wallace and his wife Lila Bell Wallace. For many years, ''Reader's Digest'' was the best-selling consumer magazine in the United States; it lost the distinction in 2009 to '' Better Homes and Gardens''. According to Mediamark Research (2006), ''Reader's Digest'' reached more readers with household incomes of over $100,000 than ''Fortune'', ''The Wall Street Journal'', '' Business Week'', and '' Inc.'' combined. Global editions of ''Reader's Digest'' reach an additional 40 million people in more than 70 countries, via 49 editions in 21 languages. The periodical has a global circulation of 10.5 million, making it the largest paid-circulation magazine in the world. It is also published in Braille, digital, audio, and a large type called "Reader's Digest Larg ...
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Sony
, commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional electronic products, the largest video game console company and the largest video game publisher. Through Sony Entertainment Inc, it is one of the largest music companies (largest music publisher and second largest record label) and the third largest film studio, making it one of the most comprehensive media companies. It is the largest technology and media conglomerate in Japan. It is also recognized as the most cash-rich Japanese company, with net cash reserves of ¥2 trillion. Sony, with its 55 percent market share in the image sensor market, is the largest manufacturer of image sensors, the second largest camera manufacturer, and is among the semiconductor sales leaders. It is the world's largest player in the premium TV market for ...
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Harry Fox Agency
The Harry Fox Agency (HFA) is a provider of rights management and collector and distributor of mechanical license fees on behalf of music publishers in the United States. HFA has over 48,000 music publishing clients and issues the largest number of licenses for physical and digital formats of music. It was founded in 1927 by the National Music Publishers Association. The agency was sold to performing rights organization SESAC in 2015, which was itself acquired by The Blackstone Group in 2017. Services HFA provides the following services to its affiliated publishers: *Issues mechanical licenses *Collects and distributes mechanical royalties *Conducts royalty examinations *Pursues piracy claims *Offers rights management solutions: Slingshot Songfile Songfile is an online mechanical licensing tool designed for the D.I.Y music industry market. It allows the public to search through over millions of songs and purchase licenses. A mechanical license is needed if one wants to manufact ...
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Companies That Filed For Chapter 11 Bankruptcy In 2007
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pe ...
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