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WinMX World :: Forum  |  Discussion  |  WinMx World News  |  BMG Claw Their Way Back Into The Music Biz - Outlook Good As Profits Up
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Author Topic: BMG Claw Their Way Back Into The Music Biz - Outlook Good As Profits Up  (Read 338 times)

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Offline GhostShip

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In yet another of those corporate split/merger news items that are pretty common at the moment BMG have decided there is life again in the "rights management" game.

http://www.bbc.co.uk/news/business-21630168

Quote
Bertelsmann, Europe's largest media company, is buying out its partner in music rights company BMG.
The German group said it aimed to purchase the 51% stake from private equity group KKR by the end of June as one of its moves to grow its business further.
Bertelsmann sold its share in its recorded music unit, Bertelsmann Music Group (BMG), to Sony in 2008.

Under the 2008 Sony deal, the firm kept a small stable of European artists.
In 2009 Bertelsmann went into an alliance with KKR, retaining a 49% stake in the business.

With all the pretend losses being counted up I'm wondering how they have the money to undertake such acquisitions, I suspect the artists would like to see some profits too but don't hold your breath folks.


WinMX World :: Forum  |  Discussion  |  WinMx World News  |  BMG Claw Their Way Back Into The Music Biz - Outlook Good As Profits Up
 

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