Thursday, April 24, 2014
Advertisement:
What is RSS/XML?
Subscribe to FMQB News.

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
CC Media Holdings Reports Flat Q1 Results
SiriusXM Reports 11% Increase In Q1 Revenue
Nielsen Q1 Revenue Up 13%
Apple Reports Q2 Revenue Of $45.6 Billion
FMQB FYI... Links You Should Know About
April 23, 2014
Jelli Launches Record Number Of Radio Stations On Its Ad Platform In Q1 2014
Matt Siegel Extends Contract With Kiss 108/Boston Through 2018
In Brief - April 23, 2014
April 22, 2014
CCM+E Announces New iHeartRadio Networks
Emmis Announces Investment in Funkmaster Flex
In Brief - April 22, 2014
April 21, 2014
Major Labels Sue Pandora Over Pre-1972 Songs
NBC And Clear Channel Celebrate Music's Biggest Stars At First Ever iHeartRadio Music Awards
Tanch Named Afternoon Host and APD At KHTP/Seattle
In Brief - April 21, 2014
April 17, 2014
Report: Two-Thirds See Radio As Local
L & L And Alpha Merge As Alpha Media
In Brief - April 17, 2014
FMQB FYI... Links You Should Know About
April 16, 2014
BIA/Kelsey Says "The Internet Radio Revolution Has Arrived"
In Brief - April 16, 2014
April 15, 2014
Alan Chartrand Named Market President For CCM+E-Boston
CBS Radio New York SVP Market Manager Don Bouloukos To Retire
In Brief - April 15, 2014
Music News
Frozen Staves Off Arrival Of Four New Debuts
Quick Hits: Beyoncé & Boots, Coldplay, Wiz Khalifa, Saturday Night Live, Jack Johnson, Boston Calling Festival
Eminem, Pearl Jam & Outkast To Headline ACL Music Festival
FMQB Photo Pass: Christina Perri
Quick Hits: Lorde, Kings of Leon, Katy Perry, Jack White, Outkast
More Surprises At Coachella's Second Weekend
Quick Hits: Miley Cyrus, Prince, Gwen Stefani, Christina Aguilera, Guns N' Roses, Foo Fighters, Little Mix, Broken Bells, Maxwell
Prince And Warner Bros. Records Unveil New Partnership
Grohl & Novoselic Talk Nirvana's Hall Of Fame Night
Quick Hits: Coldplay, Forbes' wealthiest rappers, American Idol, Beck, The Whigs
AC/DC Will "Continue To Make Music"
Frozen Soundtrack Still Rock Solid In Sales
Quick Hits: Miley Cyrus, Jay Z & Beyonce, Made In America festival, Paul McCartney, The Who, Golden Gods Awards
Is AC/DC Really Retiring?
Quick Hits: Nirvana, Imagine Dragons, 2 Chainz, Muse, The Rolling Stones
FMQB NOW

Nick Petropoulos
Glassnote Entertainment
Group

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!