Who is the owner of Motown?
Similarly, it is asked, who currently owns Motown Records?
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 Boston Ventures Limited Partnership, the companies announced Tuesday.
Additionally, is Motown still in business?
Motown, as we've come to know it, does not exist anymore. It appears to not be a label, but more of a "label group," now paired with Universal. We know that Berry Gordy sold Motown way back when, but at least then Motown was still a functioning entity. Now, it's Motown in name only.
Berry Gordy announces retirement; Motown founder bows out after 6 decades in showbiz. At 89, Gordy has remained active in the creative and business worlds, but announced to a Detroit crowd Sunday that he is at last stepping away.