Bertelsmann

  1. 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 ...

  2. BMG Relocates Writer Services Hub to L.A., Thomas Scherer Promoted

    February 25, 2014 3:27 AM EST BMG is shifting its worldwide Writer Services hub from Berlin to Los Angeles under newly-promoted executive Thomas Scherer. BMG Writer Services embraces BMG’s international songplugging operation which works with the company’s roster of songwriter ...

  3. 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 ...

  4. 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 ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. Analysis: BMG Poised to Become a Top Indie Catalog Following Sanctuary Acquisition

    February 15, 2013 7:54 PM EST Once completed, the pending acquisition of the Sanctuary Records catalog will catapult BMG Rights Management into one of the industry's top independent catalog labels. Universal Sells Sanctuary Label to BMG The Sanctuary catalog has about 17 ...

  9. 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 ...

  10. 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 ...

  11. 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 ...

  12. 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 ...

  13. 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 ...

  14. Morning Fix: Bertelsmann Wants EMI Assets; Jay-Z's 'Made In America' Costs; Twitter's New Tools

    August 31, 2012 8:08 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. WHITE PAPER URGES FTC TO BLOCK UMG-EMI DEAL; EU NAT'L REGULATORS TO VOTE ON MERGER Next Week The American Antitrust Institute, a Washington-based non-profit org aniza ...

  15. 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 & ...

  16. 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 ...

  17. 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 ...

  18. 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& ...

  19. 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 ...

  20. 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 ...

  21. 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 ...

  22. Billboard Power 100: Hartwig Masuch

    January 26, 2012 8:00 PM EST No. 44 Hartwig Masuch CEO BMG Rights Management Twitter: @bmgrm The Rights Stuff... Private equity powerhouse Kohlberg Kravis & Roberts invested in Bertelsmann's BMG Rights Management division in 2009 to form a publishing joint venture th ...

  23. 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 ...

  24. Paula Kaminsky, Two Others Out at Sony Music Latin

    December 12, 2011 6:39 PM EST Sony Music Latin has let go of its longtime VP of marketing, Paula Kaminsky. The move, which took place late last week, was surprising to many, with some managers saying, off the record, that they were "shocked." Also let go from the mar ...

  25. 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 ...

  26. 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 ...

  27. Acquiring EMI Music Was 'Not Urgently Necessary' for BMG, CEO Says

    November 15, 2011 2:39 PM EST "The acquisition of EMI Music Publishing would have been an interesting deal for us," Hartwig Masuch, CEO of BMG Rights Management in Berlin, told Billboard.biz following the company's sale to a Sony-led group of investors last week ...

  28. 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. ...

  29. 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 ...

  30. 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 ...

  31. 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 ...

  32. Edgar Berger Named Sony Music's Head of International

    August 09, 2011 9:44 AM EDT Edgar Berger (right) with singer Sade. Photo copyright: Sebastian Hornik, Director Corporate Communications GSA As expected , Edgar Berger has been named President and CEO of International at Sony Music Entertainment, Sony CEO Doug Morris announce ...

  33. Sony BMG Germany Found Guilty of Sex Discrimination: Report

    June 28, 2011 11:14 AM EDT On Tuesday, a labor court in Berlin found Sony BMG in Germany guilty of sexual discrimination after promoting a man over a woman who was expecting a child, according to a report on Expatica.com . At the time of the suit, the woman worked for Sony ...

  34. Bertelsmann on Mergers and Acquisitions Path In 2011

    March 29, 2011 8:01 AM EDT Europe's biggest media group Bertelsmann BERT.UL said it had the financial muscle to look at acquisitions again after reducing its debt, and would look at Warner Music Group (WMG.N) and possibly EMI. Bertelsmann, which launched its biggest-ev ...

  35. BMG Back In The Auction To Buy Warner Music Group, Sources Say

    March 22, 2011 7:50 AM EDT BMG, the Bertelsmann/Kohlberg Kravis & Roberts joint venture, got back onboard for the auction to buy the Warner Music Group, as first reported by CNBC , by bidding on the entire company this time around, sources say. Earlier in the first roun ...

  36. Rumored and Reported: The Latest on Major Label Sales, Mergers & Acquisitions

    February 22, 2011 2:23 PM EST Terra Firma's failed investment in EMI has set in motion a series of events that could lead to major changes in the music industry. Numerous and rather speculative media reports are detailing the steps being taken by Warner Music Group, BMG R ...

  37. 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 ...

  38. 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 ...

  39. 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 ...

  40. 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 ...

  41. Report: BMG, Warner Eyeing Chrysalis

    November 04, 2010 12:00 AM EDT BMG Rights Management and Warner Music Group are among the potential bidders for the Chrysalis Group, according to the New York Post. Chrysalis, which has a 100,000-strong catalog in its publishing division, confirmed this week that is having earl ...

  42. Sony Music Cuts Staff

    October 29, 2010 12:00 AM EDT Sony Music Entertainment let go of about 15 staffers on Wednesday including about a dozen at its Sony U.S. Music Sales unit. Among the staffers no longer with the company are: senior VP of channel marketing Kevin Twitchell, VP of field marketing T ...

  43. 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 ...

  44. BMG Signs Deal With Danish Publisher

    October 07, 2010 12:00 AM EDT TG Publishing in Copenhagen has signed a worldwide partnership with BMG Rights Management in Berlin. The agreement covers TG's catalog of 1,500 songs. As part of the deal, BMG acquired 50% of the catalog and will sub-publish the remaining 50% ...

  45. 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 ...

  46. 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 ...

  47. 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 ...

  48. 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 ...

  49. 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 ...

  50. Report: Terra Firma In Talks to Sell Stake in EMI Music Publishing

    May 27, 2010 12:00 AM EDT On Thursday the New York Post reported that Terra Firma is in talks to sell a stake in EMI Music Publishing. One participant in those talks is Kohlberg Kravis Roberts, which would buy a minority stake in EMI’s publishing division and combine the o ...

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