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Showing results for BMG Rights Management (US) LLC doing business as BMG Monarch
...German media giant Bertelsmann is interested in doing a deal to dramatically scale up its music business BMG, whose artists include Kylie Minogue and Rita Ora, following a series of setbacks that curbed...
...Since selling its original business to Sony, BMG has built an eclectic catalogue of artists, including Iron Maiden, Boy George and Alt-J....
...largest music business....
...A Pink Floyd deal would burnish Blackstone’s credentials as a main player in the music rights business....
...But she said that, as a former chief financial officer, Coesfeld understood the business “extremely well”. She described him as a “good choice” to continue the “sound financial management” at BMG....
...“But the fundamentals of the music business haven’t changed,” he added. “For years we were doing this with very few people involved. It was a niche . . . music royalties have always been esoteric.”...
...The advent of streaming on platforms such as Spotify has transformed the scale of the music business, boosting the appeal of music rights as an investment in an era of ultra-low interest rates....
...They’re favouring doing more with a smaller set of managers, rather than spreading business across a lot of managers....
...These successes have shown the value of owning older music rights, which have become a sought-after asset for music rights investment companies such as the UK’s Hipgnosis and US private equity groups....
...“That’s the purpose of us being in this business, I think. We can be a platform for connecting people in communities, and enriching the places we operate in. We can play that role....
...A lawyer for Bleckley said his client was “a dedicated member of the armed forces” who “places a high priority on doing what’s right”....
...“If you see us invest right now, by definition it will be a big all-in bet,” Durban said in the interview....
...Marc FilippinoNow, as you were doing this investigation, you talked to, as I said, 13 women. What did they tell you about Odey’s behaviour at his firm, Odey Asset Management? What did he do?...
...At the extreme, platforms’ control over the means of distribution can lead to companies being expelled or unable to continue doing business through that route....
...finance departments as they grew in complexity....
...Rabe has set a revenue target of €24bn by 2026, backed by €5bn-€7bn of investment; the group has ambitious growth plans for its BMG music rights business, RTL’s bundled music and streaming service in Germany...
...KKR to buy $1bn of music rights....
...The advent of music streaming on platforms such as Spotify has transformed the scale of the music business, boosting the appeal of music rights as an investment in an era of ultra-low interest rates....
...That’s what I’ve been doing for 30 years. I feel like it was right around the time when folks were losing sight of what the hip-hop of our generation was founded upon. And so it served as a reminder.”...
...“They’re in the business of ideally doing multiple deals with your portfolio companies. They know that if they act poorly, my job is to not show them future business.”...
...One scoop to start: Warner Music and KKR-backed BMG are competing to buy Pink Floyd’s entire back catalogue for $500mn as the battle to acquire music rights heats up....
...You are taking a risk by not doing the kind of research we’re doing.’” Closely guarded proprietary research is the norm in the mainstream asset management industry....
...The right will be in force so long as their shareholdings remain above a set threshold....
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