Bertelsmann AG

  1. Bertelsmann Names Judith Hartmann New CFO

    July 10, 2012 1:46 PM EDT Gütersloh -- Judith Hartmann (43) is the new Chief Financial Officer at Bertelsmann. That was annouced today by Bertelsmann in Gütersloh. Hartmann is scheduled to succeed Thomas Rabe as Chief Financial Officer before the year is out, a position he ...

  2. Bertlesmann Announces Expansion In 2012

    March 30, 2012 9:58 AM EDT BERLIN- The Bertelsmann Media Group is planning further investments in the global music market in the coming year, according to Bertlesmann CEO Thomas Rabe who spoke at the company's annual press conference in Berlin on Wednesday. "Our p ...

  3. Thomas Hesse Officially Leaving Sony Music For Bertelsmann

    November 30, 2011 7:56 AM EST As Billboard first reported yesterday, the Supervisory Board of Bertelsmann AG has officially appointed Thomas Hesse to the international media company's Executive Board where his responsibilities will include managing the corporation's ...

  4. Thomas Hesse, Sony Music Global Digital President, Returning to Bertelsmann, Sources Say

    November 29, 2011 10:02 AM EST Thomas Hesse, 45, President of Global Digital Business at Sony Music Entertainment in New York -- who has managed Sony Music's worldwide digital business since 2004 and is in charge of corporate strategy -- is leaving Sony Music in New York t ...

  5. Bertlesmann Appoints Thomas Rabe New Chairman & CEO; Hartmut Ostrowski Stepping Down

    October 10, 2011 12:21 PM EDT The Bertelsmann AG Supervisory Board today (Oct. 10) appointed Thomas Rabe 46, currently Chief Financial Officer of the Group, its future Chairman & CEO. He will succeed the current Chairman & CEO Hartmut Ostrowski, 53, on January 1, 2012. ...

  6. BMG Rights Management to Purchase Bug Music

    September 12, 2011 8:14 AM EDT BMG Rights Management is buying U.S. music publisher Bug Music, Inc., which was Founded in 1975 and is headquartered in Los Angeles. Financial terms of the transaction, which is expected to close by October, were not disclosed, although sources te ...

  7. Philip Ginthor Named CEO of Sony Music GSA

    August 09, 2011 3:40 PM EDT Philip Ginthör, CEO of Sony Music Entertainment GSA. Philip Ginthör has been named CEO of Sony Music Entertainment GSA (Germany, Switzerland and Austria), succeeding Edgar Berger, who was officially named CEO and Chairman of Sony Music Internation ...

  8. Business Matters: BMG Wants EMI's Back Catalog More Than Its Publishing

    December 20, 2010 12:00 AM EST BMG Covets EMI Group's Back Catalog More Than Its Publishing -- BMG Rights Management is interested in EMI Group's recorded music back catalog rather than its publishing division, BMG Rights CEO Hartwig Masuch told MusicWeek . "Inte ...

  9. Business Matters: In Sign of the Times, Columbia House CD/DVD Club Closes in Canada

    December 15, 2010 12:00 AM EST Record Clubs Take Another Step Toward Extinction -- Once a major force in music sales, the record club has taken another step toward extinction. CD and DVD mail order company Columbia House and book-of-the-month club Doubleday Canada (not to be co ...

  10. Rolf Schmidt-Holtz Joins German Publisher's Board

    November 18, 2010 12:00 AM EST Rolf Schmidt-Holtz, CEO Sony Music in New York, will become a member of the supervisory board of the Hamburg-based publishing company Gruner + Jahr in March 2011. Schmidt Holtz was also appointed to the board of trustees of the Bertelsmann Stiftun ...

  11. Business Matters: Regulatory Hurdles In EMI's Future

    November 15, 2010 12:00 AM EST Opinion and analysis of the day's music news. -- If EMI takes the path many people expect, regulatory hurdles are likely to be a part of its future. Now that Terra Firma has lost its lawsuit against Citigroup , many people expect EMI - at lea ...

  12. BMG Mulls Bidding For U.K. Rivals

    May 04, 2010 12:00 AM EDT BMG Rights Management, the music venture owned by Bertelsmann and KKR, is eyeing a number of potential U.K. investment projects, the Financial Times reported. BMG was looking at "something like 50 deals," including two or three large acq ...

  13. Analysis: Vevo Is A Necessary Experiment For Majors

    December 07, 2009 12:00 AM EST The launch of Vevo Tuesday (Dec. 8) is a necessary experiment for major labels aiming to take a more direct role in charting their digital destiny. After years of letting video sites build a business on their content, music companies must take new ...

  14. Bertelsmann Operating Income Up, Revenues Down

    November 11, 2009 12:00 AM EST Germany's Bertelsmann media group improved its operating EBIT income by 14% year-on-year to €284 million ($426.5 million), up from €249 million ($373.9 million), in the third quarter of 2009. This improved result at the Gütersloh-based group ...

  15. BMG Rights Management's Revenue Target Revealed

    September 01, 2009 12:00 AM EDT BMG Rights Management will be generating revenues of around €10 million ($14.3 million) in the first year in business, according to Thomas Rabe, CFO at Bertelsmann AG, in an interview with Billboard.biz. "As there is an accounting cycle of be ...

  16. BMG Acquires Crosstown Songs America

    July 23, 2009 12:00 AM EDT BMG Rights Management has acquired the music publishing assets of Crosstown Songs America, covering 8,000 songs. Financial terms were not disclosed. It is the first acquisition for the new global music rights management joint venture of Bertelsman ...

  17. 'American Idol' Is Ready For Its Next Act

    May 12, 2009 12:00 AM EDT The crowd isn't cheering for Simon Fuller. Rather, it's the four talent judges whose appearance just minutes before a recent Wednesday evening "American Idol" telecast causes a loud burst of applause to fill the soundstage at C ...

  18. German Biz Mourns Egmont Lüftner

    May 08, 2009 12:00 AM EDT Egmont "Monti" Lüftner, formerly chairman of Arista Records, RCA Ariola and co-chairman of the Bertelsmann Music Group who worked with artists including Whitney Houston, has died at the age of 77 after he was hit by a truck at a recyclin ...

  19. BMG Music Service Stops Taking New Members

    December 23, 2008 12:00 AM EST BMG Music Service stopped accepting new members this week, marking the end of the once-ubiquitous "12 for the price of one" offers that the mail-order CD club was known for. A spokesperson for BMG Music Service parent Direct Brands confi ...

  20. US Sues Sony Music Over Children's Online Privacy

    December 10, 2008 12:00 AM EST Sony Music Entertainment was sued on Wednesday by the U.S. government, which claimed the music company violated federal rules aimed at protecting the online privacy of children. Sony Music improperly accepted registrations on its music Web sites f ...

  21. Bertelsmann Triples Profit

    November 11, 2008 12:00 AM EST Bertelsmann AG, the Germany media company, has reported figures for the first nine months of 2008 including a tripling of its net profits to €387 million ($493 million). The figure to the end of September was up 193% from €132 million ($168 millio ...

  22. Impala Attacks EC's Sony BMG Ruling

    September 16, 2008 12:00 AM EDT Pan-European independent labels body Impala has blasted the European Commission's decision to allow Sony Corporation's acquisition of the Sony BMG joint venture as "incredible." In a statement, Impala railed against the ruling. ...

  23. Bertelsmann Exits Sony BMG

    August 05, 2008 12:00 AM EDT Sony Corporation has reached an agreement to acquire Bertelsmann AG's 50% stake in Sony BMG, four years after the joint venture was created. The demerged music company is to be called Sony Music Entertainment Inc and it will become a wholly o ...

  24. Dept. of Justice Questions Sony BMG, UMG

    February 07, 2008 12:00 AM EST The U.S. Department of Justice has requested information from Sony BMG and Universal Music Group about their talks to launch an online music subscription service, said a record company executive on Thursday. The person, who wished to remain unname ...

  25. Yahoo Eyeing Online Music Service

    January 24, 2008 12:00 AM EST Yahoo Inc., is in early discussions with major record labels over offering unprotected MP3s either for sale or for free as part of an ad-supported service, two record company executives familiar with the talks said Wednesday. The talks, held as re ...

  26. Germany's BPW Promotes Drucke

    January 16, 2008 12:00 AM EST German labels body BPW in Berlin has appointed Dr. Florian Drucke as the new head of legal and politics with immediate effect. Drucke was previously legal adviser of the association after joining in 2006. He succeeds Nora Braun who has moved to Be ...

  27. Thielen Upped At Bertelsmann

    January 11, 2008 12:00 AM EST Gunter Thielen has been confirmed as the new chairman of the Supervisory Board of media conglomerate Bertelsmann AG. The former Bertelsmann AG chairman and CEO has sat on the supervisory body since Jan. 1 and has now been elected its new chairman ...

  28. Mohn Joins Bertelsmann Supervisory Board

    December 17, 2007 12:00 AM EST Brigitte Mohn has been elected to the supervisory board of Bertelsmann, joint partner in the Sony BMG group, with effect from Jan. 1, 2008. Mohn, who was appointed last week during an extraordinary general meeting of the German media giant, repres ...

  29. Sony BMG Merger Ruling Scrutinized In EU Court 'Opinion'

    December 13, 2007 12:00 AM EST A leading EU judge today said its lower court was correct to annul the 2004 clearance of the merger of the recorded music units of Sony Corp and German media company Bertelsmann AG. Juliane Kokott, the advocate general of the European Court of Jus ...

  30. Judge Dismisses LimeWire Antitrust Suit

    December 04, 2007 12:00 AM EST A federal judge on Monday threw out an antitrust lawsuit that the operator of the LimeWire online file-sharing service filed against a coalition of major record labels. U.S. District Judge Gerard E. Lynch in New York ruled that Lime Group LLC fail ...

  31. Sony BMG Extends Deal With Yahoo

    November 20, 2007 12:00 AM EST Sony BMG Music Entertainment has inked a licensing deal with Yahoo Inc. that clears the way for people to upload files with music or video content by the record company's artists to Yahoo, the companies said Tuesday. Financial terms of the de ...

  32. BDMI Invests In RoyaltyShare

    October 22, 2007 12:00 AM EDT Bertelsmann Digital Media Investments (BDMI) is the latest strategic investor in RoyaltyShare, which provides royalty processing solutions and other Web-based services supporting the distribution and sale of digital music. BDMI invested $3 million ...

  33. Zomba Sues Blogger Over Britney Leaks

    October 11, 2007 12:00 AM EDT Zomba sued PerezHilton.com for copyright infringement on Thursday, saying the gossip Web site illegally posted recordings by pop singer Britney Spears. The suit, filed in U.S. District Court in Los Angeles Thursday, accused the Web site and its pr ...

  34. Carro Rises At Bertelsmann's Direct Group

    September 03, 2007 12:00 AM EDT Bertelsmann has appointed Fernando Carro as CEO of its Direct Group as part of a reorganization of the division, which comprises book clubs, music clubs and e-commerce. Carro, who has held executive positions at Direct Group -- including MD at the ...

  35. Pubs, Bertie Reach $130M Settlement Over Napster

    August 31, 2007 12:00 AM EDT Music publishing affiliates of the Harry Fox Agency have settled their lawsuit against Bertelsmann AG over the media conglomerate's early investment in the original peer-to-peer service Napster. Billboard.biz has learned that Bertelsmann agre ...

  36. Warner/Chappell Quarterly Earnings Up

    August 08, 2007 12:00 AM EDT Although Warner Music Group yesterday reported a 2% drop in revenue in third-quarter earnings for fiscal year 2007 from the same quarter last year, numbers were generally up for its publishing division, Warner/Chappell Music. Warner/Chappell' ...

  37. WMG, Sony BMG Launch Digital Platform In Russia

    June 28, 2007 12:00 AM EDT Warner Music and Sony BMG, along with two Russian record labels, launched a wholesale digital distribution platform in Russia on Thursday, a market dominated by piracy across the entire entertainment industry. The two majors said they had formed a ...

  38. Warner Music Settles With Bertelsmann On Napster

    April 24, 2007 12:00 AM EDT Warner Music Group, the world's fourth largest music company, and Bertelsmann AG, the German media conglomerate, said on Tuesday they have agreed to settle claims related to Bertelsmann's relationship with the original Napster in 2000 an ...

  39. EMI, Bertelsmann Settle Napster Suit

    March 26, 2007 12:00 AM EDT EMI Group Plc and Bertelsmann AG have reached a settlement on litigation stemming from the German media company's investment in music file-sharing software company Napster, the two companies today (March 26). They did not release details of t ...

  40. Australian Court Issues Copyright Ruling

    December 21, 2006 12:00 AM EST Providing Web links to copyright-protected music is enough to make a site legally liable, an Australian court ruled in a case that created legal uncertainty for search engines around the world. The full bench of the Federal Court, the country' ...

  41. Vivendi Gets US Antitrust OK To Buy BMG Pub

    November 16, 2006 12:00 AM EST Companies now No. 3, 4 players in music publishing. Vivendi's Universal Music has received U.S. antitrust approval to acquire Bertelsmann AG's BMG Music Publishing, U.S. officials said on Tuesday (Nov. 14). Antitrust authorities complete ...

  42. Mohn Joins Bertelsmann Supervisory Board

    November 15, 2006 12:00 AM EST Christoph Mohn, CEO of Internet portal and online marketing services provider Lycos Europe, was elected today (Nov. 15) as a member of the supervisory board of Bertelsmann AG, with immediate effect. Christoph Mohn, CEO of Internet portal and onlin ...

  43. Vivendi Gets US Antitrust OK To Buy BMG Pub

    November 14, 2006 12:00 AM EST Companies now No. 3, 4 players in music pub. Vivendi's Universal Music has received U.S. antitrust approval to acquire Bertelsmann AG's BMG Music Publishing, U.S. officials said on Tuesday (Nov. 14). Antitrust authorities completed their ...

  44. YouTube Strikes Deals With UMG, Sony BMG, CBS

    October 09, 2006 12:00 AM EDT Pacted with Warner Music Group two weeks ago. Video-sharing Web site YouTube Inc. struck content deals Monday (Oct. 9) with Universal Music Group, Sony BMG Music Entertainment and CBS Corp. For several days, Google Inc. has been rumored to be in t ...

  45. SHIFTING THE BALANCE

    September 16, 2006 12:00 AM EDT Bertelsmann AG's announcement that Vivendi's Universal Music Group was the successful bidder for BMG Music Publishing is triggering a seismic ripple effect in the major publishing and recorded music i Bertelsmann AG's announcement t ...

  46. SHIFTING THE BALANCE

    September 16, 2006 12:00 AM EDT Bertelsmann AG's announcement that Vivendi's Universal Music Group was the successful bidder for BMG Music Publishing is triggering a seismic ripple effect in the major publishing and recorded music i Bertelsmann AG's announcement t ...

  47. SHIFTING THE BALANCE

    September 16, 2006 12:00 AM EDT Bertelsmann AG's announcement that Vivendi's Universal Music Group was the successful bidder for BMG Music Publishing is triggering a seismic ripple effect in the major publishing and recorded music i Bertelsmann AG's announcement t ...

  48. SHIFTING THE BALANCE

    September 16, 2006 12:00 AM EDT Bertelsmann AG's announcement that Vivendi's Universal Music Group was the successful bidder for BMG Music Publishing is triggering a seismic ripple effect in the major publishing and recorded music i Bertelsmann AG's announcement t ...

  49. SHIFTING THE BALANCE

    September 16, 2006 12:00 AM EDT Bertelsmann AG's announcement that Vivendi's Universal Music Group was the successful bidder for BMG Music Publishing is triggering a seismic ripple effect in the major publishing and recorded music i Bertelsmann AG's announcement t ...

  50. Bertelsmann 1H Profit Rises

    September 06, 2006 12:00 AM EDT Company plans to rein in investment. German media company Bertelsmann AG reported an 8.5 percent in first-half net profit Wednesday (Sept. 6) and said it would rein in investment following a period of acquisitions. The results came as Bertelsmann ...

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