BERLIN -- BMG Rights Management (BMG) announced it has purchased the catalogue of R2M Music Lux S.a.r.l with 12,000 copyrights including 35 Top 10 hits and many top songs the 1960s-1990's.
R2M was founded by former Sony/ATV Music Publishing executives Paul Russell, Richard Rowe and Phil May in 2006 in Luxemburg. The assets includes the LeFrak catalogue, home to seven Number One pop hits, including 2Pac's "California Love", Neil Sedaka "Laughter in the Rain," Captain and Tennille "Love Will Keep Us Together", Jim Croce "Time in a Bottle", and Tony Orlando and Dawn "Knock Three Times". LeFrak's collection of master rights includes Jim Croce's greatest hits.
Hartwig Masuch, BMG CEO said to Billboard.biz that his company is " very happy to get this high quality catalogue which also includes icons of the domestic German repertoire."
BMG refused to give any financial details of the transaction.
The acquisition includes one of the legendary Germany rock bands, Die Toten Hosen. BMG got the majority of the songs from the band's six albums recorded since 1996. Five were number one albms in Germany. The investment also includes the music publishing company Transcontinent Musikverlag GmbH, whose past co-owner included German producer Jack White (not Jack White of White Stripes fame), who produced the US actor and singer David Hasselhoff.
Since its founding in 2008, BMG has opened offices in eight music markets and represents nearly one million songs and recordings including those of Crosstown, Cherry Lane, Stage Three, Evergreen, Chrysalis and Bug.
BMG is a joint venture between the international media company Bertelsmann and the investment group Kohlberg Kravis Roberts & Co. The company trades under the name BMG Chrysalis in the US, UK and Sweden following the acquisition of Chrysalis plc.