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...For BMG, Rabe said, there could be significant economies of scale from a merger or acquisition of a rival....
...KKR was an original majority shareholder in BMG when the music company was relaunched in 2008, but sold out to its partner Bertelsmann, the German media company, five years later....
...Earlier this week, BMG bought the catalogue of Scottish rock band Simple Minds....
...The boss of Bertelsmann, whose brands include European broadcast network RTL, publisher Penguin Random House and music label BMG, insisted the strategy of creating “national media champions” that could take...
...BMG and Warner Music declined to comment....
...Today, about 60 per cent of BMG’s revenues come from publishing existing music....
...Thomas Coesfeld, the 33-year-old scion of one of Europe’s most powerful media families, is to take the helm of the music label BMG as its parent company Bertelsmann prepares the next generation....
...She described him as a “good choice” to continue the “sound financial management” at BMG....
...The band is one of the best-selling groups of all time and its catalogue is sought after, with Sony Music, Warner Music, KKR-backed BMG and Oaktree-funded Primary Wave also bidding, five people with knowledge...
...Warner Music last March cut about 4 per cent of its staff, or 270 jobs, while publisher BMG laid off roughly 40 employees in October....
...Revenues grew 4.5 per cent year-on-year to €9.7bn in the first six months of 2023, driven by strong performance at its record label BMG, its education group and its sprawling services division Arvato....
...‘Open Arms — The Symphonic Songbook’ by Alfie Boe is out now on BMG. ‘Face the Music: My Story’ is published by Ebury Spotlight Follow @FTMag to find out about our latest stories first...
...Its $1bn partnership with BMG has only struck “a handful” of deals, this person said, including for songs by ZZ Top and John Legend....
...CBI admits to using non-disclosure agreements to silence staff (FT) Visa and Mastercard agree $30bn settlement over US transaction fees (FT) Bertelsmann would consider deal to expand music business BMG...
...Universal struck an agreement announced in October to start distributing vinyl and CDs from artists signed to rival BMG, although it is expected to be a low-margin activity....
.... ★★★☆☆ ‘Tension’ is released by BMG...
...Thomas Rabe, chief executive of the German business that owns the book publisher Penguin Random House and the music label BMG, said that although there were “major questions” about copyright protection,...
...Its $1bn partnership with BMG had only struck “a handful” of deals, this person said, including for songs by ZZ Top and John Legend....
...Bertelsmann Investments is part of the sprawling Bertelsmann family-run media empire, which also owns Penguin Random House and the music label BMG....
...Challenged by shrinking CD sales and online piracy, Sony had merged with BMG Music, then owned by Germany’s Bertelsmann, in 2004, leaving the two management teams almost immediately in conflict....
...Bertelsmann on Wednesday reported record revenues of almost €10bn in the first six months of 2023, driven by strong performance at its record label BMG, its education group and its international services...
...Sales at the family-owned German conglomerate, whose brands include the publisher Penguin Random House, the music label BMG and the services provider Arvato, rose 8.3 per cent to €20.2bn from €18.7bn a year...
...Defenders of KKR point to successful investments in media companies such as BMG and Epic Games....
...BMG boss bows out: Hartwig Masuch, the man who helped the Berlin-based music group become a challenger to bigger labels in the streaming era, is leaving after 15 years as chief executive....
...BMG and Warner Music declined to comment. Read more on the interest in Pink Floyd’s back catalogue here...
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