On This Day: June 27 1988 – Motown Records Sold to MCA for 61 Million Dollars

[Pete]

Pete has published a news story:

On This Day: June 27 1988 – Motown Records Sold to MCA for 61 Million Dollars.

On this day June 27 1988, Motown Records, the iconic label that launched the careers of artists like Stevie Wonder, Diana Ross, Marvin Gaye, and The Jackson 5, was sold to MCA Records for 61 million dollars. The sale marked the end of an era, as Motown transitioned from an independent Black owned company into a corporate controlled brand.

Founded by Berry Gordy in 1959, Motown had become a cultural and musical force, shaping the sound of the 60s and 70s with its unique blend of soul, pop...

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