Bertelsmann Reportedly In Talks To Buy 100% Of BMG Rights
February 20, 2013

Multinational company Bertelsmann is reportedly in advanced talks to buy out partner KKR's share of their joint publishing company BMG Rights. The New York Post reports that the two sides have been in discussions for almost a year about a sale. KKR owns 51 percent of BMG Rights, while Bertelsmann owns the remaining 49 percent.

Sources tell the Post that a deal is "imminent" but could still fall through, as the partners have yet to agree on a price tag. "They are very close to something with KKR, and the relationship is amicable," a source told the paper. "They will exit at a good multiple."

KKR has been a partner in BMG since 2009 and the Post notes that the private equity firm typically looks to exit from its investments after four or five years. Bertelsmann could also turn around and bring in another partner on BMG Rights, with Samsung a reported possibility.

Sources also told the Post that BMG is in the mix to potentially acquire Concord Music Group, which could sell for $125 million.




 
Breaking News
Republic Records Names Rick Krim EVP, Artist Development
The Week In Review: 9/8-9/12
NAB Donates To Committee To Protect Journalists In Honor of James Foley, Steven Sotloff
2014 NAB Marconi Radio Award Winners Announced
iStream Data Debuts, Appoints VP/GM
In Brief - September 12, 2014
September 11, 2014
CBS Radio, United Stations Radio Networks To Launch Scott Shannon Presents "America's Greatest Hits"
iBiquity Digital, TagStationTo Deliver Next Generation Of The Digital Dash
Pandora Strikes US Licensing Deal With BMG
NAB President, CEO Gordon Smith Opens 2014 Radio Show
In Brief - September 11, 2014
September 10, 2014
Warner Music Group Creates Unified Global Business Development Team
HD Radio Broadcast Momentum Continues
iStreamMusic.com Expands Music Channel Lineup
In Brief - September 10, 2014
September 9, 2014
Live365 Appoints Dennis Constantine Director Of Broadcasting
Howard Gabriel Named EVP, Marketing For Warner Bros. Records
Jelli Achieves Milestone Serving One Billion Programmatic Ads This Year
In Brief - September 9, 2014
September 8, 2014
NuVoodoo Ratings Prospects Study Shows Radio Strong With Ratings Prospects
Tim Martin Named Director Of Digital Content For NRG Media
jacAPPS Launching New Radio App Platform
In Brief - September 8, 2014
September 5, 2014
eQB NOW
The Week In Review: 9/1-9/5
Music News
U2 Already Plotting Next Album?
Quick Hits: Gwen Stefani, Iggy Azalea, Demi Lovato, Calvin Harris, Ellie Giulding, Kendrick Lamar
The Week In Review: 9/8-9/12
Quick Hits: Madonna & Alicia Keys, Kanye West, Ariana Grande, iHeartRadio Australia Music Festival, Stevie Wonder
Maroon 5 Land Second #1 Album With V
Ariana Grande To Hit The Road For "The Honeymoon Tour"
Quick Hits: Nicki Minaj, Paul McCartney, John Mellencamp, The Lumineers
U2 Gives Away New Album Via iTunes
Quick Hits: Mary J. Blige, Alicia Keys, Avicii, P!nk, Bruce Springsteen, David Bowie
One Direction Announce The Release Of New Album FOUR
Quick Hits: G.R.L.
The Week In Review: 9/1-9/5
Drake Leads BET Hip-Hop Awards with Eight Nods
Quick Hits: Fall Out Boy, George Harrison, Nick Jonas
Quick Hits: Iggy Azalea, Metallica / One Direction, Jane's Addiciton & CBGB Music and Film Festival
FMQB NOW

Marissa Lanchak
APD/MD
WFLY/Albany

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!