Zomba Music Group topic
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Zomba Label Group was founded in Britain during 1977 by Clive Calder as a book-publishing venture and moved into the recording business in 1981 as Zomba Recording Corporation. Calder, a South African expatriate living in the UK, named the label after the former capital of Malawi.
In 1991, BMG purchased a 25% share of Zomba's music publishing division. Calder sold a 20% minority stake of its recorded music business to BMG in 1996 with an option for BMG to purchase the remaining interest in the...
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