Sony Wonder Closing
March 14, 2007 at 5:48 AM (PT)
REUTERS reports that children's audio and video label SONY WONDER, once the home of "Sesame Street" and "Rudolph the Red-Nosed Reindeer," will soon be history. Sources say parent company SONY BMG MUSIC ENTERTAINMENT is shuttering the label to focus on its core music business.
A company spokesman declined comment, but sources said EVP/GM JIM WILSON is leaving the company. SONY WONDER reportedly is in the final stages of winding down its operations, with the first SESAME WORKSHOP titles distributed by GENIUS slated to debut in APRIL.