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September 30, 1992 | From Times Staff and Wire Reports
EMI to Buy Christian Music Company: EMI Music has agreed to acquire Nashville-based Sparrow Corp., the world's largest independent Christian music company, for an undisclosed price. Sparrow had sales of more than $30 million in the fiscal year ending June 30. Its recording acts include Steven Curtis Chapman, BeBe & CeCe Winans and Debby Boone. New York-based EMI is one of the world's biggest music companies, with annual sales of more than $2 billion.
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BUSINESS
September 30, 1992 | From Times Staff and Wire Reports
EMI to Buy Christian Music Company: EMI Music has agreed to acquire Nashville-based Sparrow Corp., the world's largest independent Christian music company, for an undisclosed price. Sparrow had sales of more than $30 million in the fiscal year ending June 30. Its recording acts include Steven Curtis Chapman, BeBe & CeCe Winans and Debby Boone. New York-based EMI is one of the world's biggest music companies, with annual sales of more than $2 billion.
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BUSINESS
December 14, 1989 | JOHN MEDEARIS, TIMES STAFF WRITER
About two years ago, Billy Ray Hearn realized that the contemporary Christian music business was slowing down. The Jim and Tammy Bakker scandal had the evangelical public skeptical about Christian stars, and big Christian recording artists weren't releasing new albums, so the traffic slowed among those who visited the mom and pop "Christian bookstores" where most Christian music is sold. So Hearn, who owns Chatsworth-based Sparrow Corp.
BUSINESS
December 14, 1989 | JOHN MEDEARIS, TIMES STAFF WRITER
About two years ago, Billy Ray Hearn realized that the contemporary Christian music business was slowing down. The Jim and Tammy Bakker scandal had the evangelical public skeptical about Christian stars, and big Christian recording artists weren't releasing new albums, so the traffic slowed among those who visited the mom and pop "Christian bookstores" where most Christian music is sold. So Hearn, who owns Chatsworth-based Sparrow Corp.
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