Bertelsmann

  1. Bertelsmann Shuts Its German Book and Music Club Business

    June 18, 2014 9:02 AM EDT Marking the end of an era, German media giant Bertelsmann has shut down its German book and music club business, saying the division will be rolled up completely by the end of 2015. The Bertelsmann book club was set up in 1950 by company founder R ...

  2. Bertelsmann Reports Q1 Sales Spikes Following Buying Spree

    May 08, 2014 4:51 AM EDT German media giant Bertelsmann posted near double-digit growth in the first quarter of 2014 as revenues from continuing operations rose 8.5% to $5.4 billion (€3.9 billion) driven by a series of high-profile acquisitions. The mega-merger last year ...

  3. Bertelsmann Profits Soar to $1.2B, BMG Stake Cited

    March 26, 2014 8:50 AM EDT The owner of 'American Idol' Producer FremantleMedia, music group BMG and broadcaster RTL Group posts net profits of $1.2 billion for 2013. Record operating profits at its European broadcasting division RTL Group lifted results for Germa ...

  4. Thomas Hesse Leaving Bertelsmann At End of Year

    November 29, 2013 9:09 AM EST Thomas Hesse is leaving Bertelsmann as Billboard reported yesterday. The German media conglomerate, which owns BMG, one of the globe's largest music publishers, issued a statement confirming that its supervisory board met today and Hesse will ...

  5. Breaking: Thomas Hesse, Bertelsmann President of Corp Development, Stepping Down (Report)

    November 28, 2013 9:16 AM EST Thomas Hesse, Bertelsmann president of corporate development and new businesses is reportedly stepping down and has asked the company's supervisory board to release him from his contract, according to sources. A Bertelsmann spokesperson decli ...

  6. RTL Group Boosts Earnings at Germany's Bertelsmann

    November 12, 2013 11:20 AM EST German media giant Bertelsmann on Tuesday reported improved financials for the first nine months of 2013 thanks to its RTL Group, which saw stronger results at its German networks group. RTL's TV production arm, FremantleMedia, also contrib ...

  7. Vivendi Chair, Investor Feud Over CEO Search

    September 09, 2013 11:20 AM EDT The chairman of French media and telecom conglomerate Vivendi and one of the company's other powerful board members are locked into a showdown over who should be the next CEO, a source confirmed Monday. Jean-Francois Dubos last year became ...

  8. BMG Rights Management to Acquire Bulk of Primary Wave's Publishing Assets (Exclusive)

    September 02, 2013 2:05 PM EDT Updated 11:13 AM -- BMG Rights Management, a subsidiary of German media conglomerate Bertelsmann, has agreed to acquire the bulk of publishing assets owned by the U.S.-based independent music publishing and management company Primary Wave, the ...

  9. Bertelsmann Registers Record First-Half Operating Profit

    August 30, 2013 4:27 AM EDT German media giant Bertelsmann on Friday reported its highest profit from operations for a first half of the year in its long history, with operating profit jumping $50 million to $1.02 billion. The company also posted net profit of $557 million ...

  10. Bertelsmann Reveals Record Q1 Profit, Revenue Dips

    May 16, 2013 5:50 AM EDT European media giant Bertelsmann on Thursday posted a record first-quarter profit of $267 million (€207 million). That marked a 43% jump over the year-ago period thanks to earnings from newly-acquired music rights group BMG and a solid performan ...

  11. Bertelsmann To Buy-Out KKR's Stake In BMG: Reports

    February 20, 2013 8:31 AM EST German media giant Bertelsmann is in “advanced talks” to buy out global investment firm Kohlberg Kravis Roberts’ (KKR) majority stake in their JV music company, BMG Rights Management, the NY Post reports. A deal is apparently “imminent,” accordin ...

  12. IMPALA, Indies Ask EC to Investigate Sony-BMG's Parlophone Bid

    January 11, 2013 7:17 PM EST Independent music companies have raised concerns about a plan by Sony Corp. and Bertelsmann music venture BMG to bid for former EMI label Parlophone, arguing an acquisition would give the music giants, particularly Sony, too much market power. Viv ...

  13. BMG Acquires Mute Records Catalog

    December 21, 2012 6:15 PM EST In its second deal of the day, BMG Rights Management has acquired the Mute back catalog owned by EMI, which includes records released by artists like Depeche Mode, Erasure, Moby, Goldfrapp and Nick Cave. According to sources, BMG paid over 7 milli ...

  14. BMG Beats Warner/Chappell to 'New Wave'-Heavy EMI Publishing Divestitures for $90 Million

    December 20, 2012 5:46 PM EST BMG successfully outbid Warner/Chappell to win control of nearly 30,000 songs divested by EMI, including popular UK '80s hits from acts like Tears for Fears and Culture Club. The catalogs -- which were sold for around $90 million, according t ...

  15. Morning Fix: WMG To Bid on Sony/ATV's Rosetta (Report); Joel Klaiman to Columbia; What Spotify's Valuation Means; Bandpage Expands

    November 13, 2012 7:55 AM EST Head HERE to have Billboard's Morning Fix and other free music-business newsletters sent directly to your inbox BUSINESS MATTERS: A $3 BILLION VALUATION BRINGS SPOTIFY EXPECTATIONS BACK TO EARTH: News that Spotify raised money at a $3 billion ...

  16. Morning Fix: Apple's Music Strategy; Samsung's Profits Surge; Aguilera, Reid, Lovato Light Up Billboard Conference

    October 26, 2012 8:25 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters APPLE RADIO SERVICE RUMORS CRUSH PANDORA STOCK: Press reports claiming Apple is on track to go live with its streaming radio service in 2013 sent Pandora's stock sinki ...

  17. Morning Fix: Rara Expands; Today's Apple Event; Bertelsmann, KKR & EMI; ATP Merger

    October 23, 2012 7:36 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters RARA ADDS IOS, EXPANDS MUSIC CATALOG, PARTNERS WITH LENOVO: On-demand subscription music company Rara has launched its service on Apple's iPad and iPhones , as well de ...

  18. Bertelsmann CEO Thomas Rabe on BMG Rights Mgm't, EMI Acquisitions, Getting Back Into the Record Biz

    August 31, 2012 2:15 PM EDT Thomas Rabe, CEO of Bertelsmann, doesn't discount the idea of his company getting back into the record business. BERLIN - Bertelsmann, Europe's largest media group, which controls European broadcaster RTL Group and production powerhouse ...

  19. Bertelsmann H1 Earnings Rise, Interested In EMI Assets

    August 31, 2012 10:08 AM EDT Bertelsmann, which owns BMG Rights Management and Arvato, posted a net profit of 353 million euros ($443.95 million)on revenues of 7.6 billion euros ($9.6 billion) for the six month period ended June 30. That performance represented a 31.2% increa ...

  20. Bertelsmann Completes Legal Change to Open up Investor Option

    August 21, 2012 7:56 AM EDT COLOGNE, Germany -- Bertelsmann has completed a legal change that could have a major impact on the German media giant, which controls European broadcaster RTL Group and production powerhouse FremantleMedia, maker of "American Idol" and & ...

  21. Bertelsmann Names Marcel Reichart Executive VP of Digital Development

    June 04, 2012 7:00 AM EDT COLOGNE, Germany - Media giant Bertelsmann has appointed Marcel Reichart to the newly-created position of executive VP in charge of digital development and partnerships. Reichart joins Bertelsmann from German publishing group Hubert Burda, where h ...

  22. Music Attorney Paul Marshall, Who Repped EMI, PolyGram, Atlantic & More, Dies

    May 14, 2012 1:16 PM EDT Paul Marshall, the legendary music attorney who brokered some of the most significant transactions the music industry has ever seen over his fifty-plus years in the entertainment law business, died May 10 in Aventura, Florida. He was 83. Marshall& ...

  23. Business Matters: Is Music Still Core to Sony Corp's Mission?

    April 12, 2012 5:25 PM EDT Music May Be Losing Significance to Sony Sony Corp. wants to revitalize its electronics business, but how will it use music to get there? The company announced a transformation plan Thursday that includes shedding 10,000 jobs , or 6% of its global ...

  24. Mando Diao Sign Publishing Deal With BMG Germany

    April 10, 2012 7:30 AM EDT BERLIN - The Swedish rock band Mando Diao signed an exclusive publishing deal with BMG Germany. Led by singer-songwriters Björn Dixgård and Gustaf Norén, the band has released five studio albums, a Best Of and an MTV Unplugged set over the past ni ...

  25. BMG Rights Management Purchases R2M Music Lux SARL Catalog

    March 02, 2012 7:00 AM EST 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 e ...

  26. Thomas Hesse, Ex-Sony Music Exec, Joins RTL Group Board

    December 13, 2011 9:27 AM EST COLOGNE, Germany - More executive shuffling on the board of directors of European broadcasting giant RTL Group, as Thomas Hesse, formerly of Sony Music, takes the spot on RTL's board left vacant by Hartmut Ostrowski, the outgoing CEO of RTL p ...

  27. EMI Publishing Deal Might Close Before Label

    November 11, 2011 1:48 AM EST With the Financial Times reporting that a deal with Citigroup and Universal for EMI's recorded music division could be struck by the start of next week, sources say that the bank may close the publishing deal first, possibly as soon as today ...

  28. BMG's Purchase of Bug Music Finds It Closing in on Majors

    September 16, 2011 2:17 PM EDT There's been a persistent rumor about BMG Rights Management, the music publishing joint venture between German media giant Bertelsmann and private-equity firm Kohlberg, Kravis & Roberts: If it doesn't succeed in acquiring the publish ...

  29. Higher-Than-Expected Bids for EMI Group Could Favor Strategic Buyers--Including the Other Majors

    August 05, 2011 11:42 AM EDT With the first round of bids in for Citigroup's auction of EMI Group, the higher-than-expected levels of the bids suggest that strategic suitors--including the other major-label groups--may have a leg up on other bidders. Sources say at lea ...

  30. EMI: High Bids Put Strategic Buyers -- Including Other Majors -- in the Lead

    August 05, 2011 10:53 AM EDT With the first round of bids in for Citigroup's auction of EMI Group , the higher-than-expected levels of the bids suggest that strategic suitors-including the other major-label groups-may have a leg up on other bidders. Sources say at least ...

  31. Business Matters: Who Pays for Antipiracy Enforcement?

    July 18, 2011 10:22 PM EDT Who Pays for Antipiracy Enforcement? -- Here's a good question: should ISPs in New Zealand pay the enforcement costs of three strikes? It's more than an academic question. A stakeholder that bears no direct costs in fighting piracy has a ...

  32. Warner Music $3 Billion Buyout Could be Done this Week: Source

    May 02, 2011 7:13 AM EDT Final buyout bids for Warner Music Group are due on Monday and the company could be sold by the end of the week in a deal valued at over $3 billion, according to a person familiar with the matter. The third round of bids is led by two competing fi ...

  33. Warner Board to Review Bids This Week

    April 11, 2011 7:34 AM EDT Warner Music Group's board is expected to review second-round bids for the company at a meeting in the coming week, a source familiar with the matter said. Up to 10 investors have put in bids ahead of the meeting, offering a range of valuatio ...

  34. Report: Warner Hires Goldman Sachs to Find Buyer (and Seller)

    January 20, 2011 12:00 AM EST Warner Music Group has hired investment bank Goldman Sachs to find a potential buyer for all or part of the company, according to a report by the New York Times' DealBook blog . Warner is said to have been approached in recent months by priva ...

  35. Supreme Court: Antitrust Case Against Record Labels Can Proceed

    January 10, 2011 12:00 AM EST The U.S. Supreme Court opted on Monday not to review an appeals court decision in an antitrust price-fixing lawsuit against record labels over the sale of digital downloads. In passing on the case, the Supreme Court has opened the door for a revie ...

  36. BMG Acquires Chrysalis

    November 26, 2010 12:00 AM EST BMG Rights Management has agreed a deal to acquire Chrysalis for £107.4 million ($168.6 million). It follows three weeks of talks between BMG and Chrysalis, one of the world's biggest independent publishers. The company has a 100,000-strong c ...

  37. BMG Rights Management To Launch In Australia

    October 21, 2010 12:00 AM EDT BMG Rights Management's rapid expansion continues: the Berlin-based company will launch an Australian operation in early 2011. Tim Prescott, former CEO of Albert Music and a long-time BMG executive, is assisting BMG Rights Management with fur ...

  38. Business Matters: Possible Shift In File Share Penalties, BMG Rights Management, 'BlackPad' and more

    September 22, 2010 12:00 AM EDT Opinion and analysis of the day's music news. Penalties For File Sharers To Fall? -- The penalties given to convicted file sharers could fall dramatically in the future. The Supreme Court has showed interest in a file-sharing case The case is ...

  39. BMG To Buy Evergreen Copyrights

    September 20, 2010 12:00 AM EDT BMG Rights Management has agreed a deal to acquire Evergreen Copyrights. The Evergreen catalog has more 65,000 titles including songs recorded by MC Hammer, Eric Clapton, Teddy Riley, Nick Drake, Bill Monroe and 2Pac. Its has interests in songs in ...

  40. BMG Has $500 Million To Spend

    August 31, 2010 12:00 AM EDT Over the next three years, BMG Rights Management will be receiving equity injections of €200 million ($254 million) from each of its shareholders - investment group KKR and media group Bertelsmann - to be used for further acquisitions. It means th ...

  41. BMG Acquires Publisher Stage Three

    July 15, 2010 12:00 AM EDT BMG Rights Management (BMG) has agreed to acquire Stage Three Music , a leading independent, international music publisher based in London, from its shareholders Apax Partners, Ingenious Ventures and the management. Stage Three was founded in 2003 ...

  42. Business Matters: Freemium, 'Idol,' Twitter, MySpace and more

    July 07, 2010 12:00 AM EDT THE FREEMIUM DEBATE -- Writer/educator/consultant Clay Shirkey says sites with paywalls will underperform. Plus, he’s worried that content behind paywalls will not be part of public discourse. “When we talk about newspapers, we talk about them bei ...

  43. Bertelsmann Turns 175

    July 01, 2010 12:00 AM EDT The international media group Bertelsmann is celebrating its 175 anniversary. On July 1, 1835 the printer and bookbinder Carl Bertelsmann founded the C. Bertelsmann Verlag publishing company in Guttersloh, a town in the Westphalia region of German ...

  44. BMG Acquires Adage IV Catalog

    June 03, 2010 12:00 AM EDT BMG Rights Management is once again expanding its international reach, with the acquisition of the catalog of U.S. publisher Adage IV. The catalog contains songs recorded by artists including John Mayer, Ray Charles, Rob Thomas, Joni Mitchell, Fai ...

  45. Bertelsmann Revenue Inches Up

    May 12, 2010 12:00 AM EDT The German media group Bertelsmann reports an operating EBIT that rose to €284 million ($360.9 million) in Q1 2010, more than twice the figure for Q1 2009, which totaled €115 million ($146.1 million). First-quarter revenues were up slightly year-o ...

  46. BMG Rights Management To Acquire Cherry Lane

    March 26, 2010 12:00 AM EDT BMG Rights Management has made an agreement to acquire Cherry Lane Music Publishing. The deal was confirmed by BMG Rights Management today (March 26). Billboard.biz first reported talk of a deal on Tuesday (March 23). The Cherry Lane roster of cli ...

  47. BMG Rights Plans Acquisitions, Would Look At EMI

    March 23, 2010 12:00 AM EDT Thomas Rabe, CFO Bertelsmann, gave his reaction during a press conference in Berlin to a question by Billboard.biz on whether reports were correct that Bertelsmann is interested in a purchasing of parts of EMI via its BMG Rights Management operati ...

  48. Business Matters: Bertelsmann CFO On EMI, Rabid Neurosis and More

    March 23, 2010 12:00 AM EDT -- Bertelsmann 's CFO has expressed tempered interest in the music publishing assets of EMI . "If EMI is on the market, we will look at it," Thomas Rabe said on Tuesday (March 23). "But I'm not aware that EMI is currently ...

  49. Analysis: Where's The Money?

    March 01, 2010 12:00 AM EST Terra Firma’s troubled investment in EMI receives most of the headlines, but there has been much more to music investments over the last two-plus years and the state of music-related deals will be discussed at the Music & Money Symposium on Ma ...

  50. Universal's Deutschrock Partners With Arvato

    February 02, 2010 12:00 AM EST Arvato Digital Services, which is owned by the German media group Bertelsmann, is to partner with Universal Music's Berlin-based merchandising company Deutschrock. Deutschrock was founded in the early '90s by the German band "Die Är ...

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