Kohlberg Kravis Roberts

  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. 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 ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. 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 ...

  10. Updated: As EMI Auction Hits Home Stretch, Who's in the Lead? Depends Who's Talking ...

    October 27, 2011 3:00 PM EDT UPDATE Friday 6 p.m. ET : While it was widely speculated that there would be news about the status of EMI's auction today (October 28), the week is closing with negotiations still ongoing, sources tell Billboard.biz. The biggest hold-up revol ...

  11. 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 ...

  12. Warner Music Bidding Down to Three, More Could Join

    April 18, 2011 2:58 PM EDT The race for Warner Music Group is now down to the three most credible bids but the board would consider more bidders, according to a person with knowledge of the discussions. These three companies were identified by a Bloomberg report as Yucaipa ...

  13. 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 ...

  14. Is Terra Firma's Investment in EMI The Biggest-Ever Private Equity Loss?

    February 07, 2011 2:36 PM EST Terra Firma's £1.7 billion (US $2.7 billion) loss on its investment in EMI could be a private equity record, according to research by Private Equity News and Dealogic reported in Financial News . The article reads: "Forstmann Little wrot ...

  15. Now That Citigroup Has Taken Over EMI, What's Next?

    February 01, 2011 4:26 PM EST Citigroup's earlier-than-expected takeover of EMI Group and its recapitalization of the company's balance sheet effectively presses the fast-forward button on a resolution of the major label group's fate. The bank had been widely ex ...

  16. EMI And Warner Music: Destined To Be Together?

    January 28, 2011 10:05 AM EST No matter what happens to EMI or Warner Music Group (WMG), it always seems that speculation about their respective fates is intertwined with that of the other. That was true during the protracted will-they-or-won't-they merger speculation tha ...

  17. Warner Music and EMI For Sale? It Could Happen, Insiders Say

    January 21, 2011 12:00 AM EST All hell has broken loose in the music business: The Warner Music Group will be shopped while it prepares to buy EMI, should that company come up for sale, according to reports. Sources told The New York Times that the private equity firms that ow ...

  18. Warner Music and EMI For Sale? It Could Happen, Insiders Say

    January 21, 2011 12:00 AM EST All hell has broken loose in the music business: The Warner Music Group will be shopped while it prepares to buy EMI, should that company come up for sale, according to reports. Sources told The New York Times that the private equity firms that ow ...

  19. Warner Music Shares Soar On Sale Reports

    January 21, 2011 12:00 AM EST Shares of Warner Music Group surged nearly 23 percent on Friday on news that the world's No. 3 music company is up for sale. Warner Music has hired Goldman Sachs as an advisor to help with the process, a source familiar with the matter said o ...

  20. Warner Music Shares Soar On Sale Reports

    January 21, 2011 12:00 AM EST Shares of Warner Music Group surged nearly 23 percent on Friday on news that the world's No. 3 music company is up for sale . Warner Music has hired Goldman Sachs as an advisor to help with the process, a source familiar with the matter said ...

  21. 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 ...

  22. 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 ...

  23. CAA sells 35% stake to TPG Capital

    October 01, 2010 12:00 AM EDT CAA has sold a 35% equity stake to private investment firm TPG Capital in a transaction expected to help the powerhouse talent agency further build its sports business and monetize the stakes of the partners who own and run the business. TPG has i ...

  24. 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 ...

  25. 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 ...

  26. 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 ...

  27. Sources: EMI Shuttering Belgium, Netherlands Publishing Offices

    June 02, 2010 12:00 AM EDT EMI Music Publishing is to close its offices in the Netherlands and Belgium, several well-placed sources have informed Billboard.biz. The news comes amid media speculation that EMI’s publishing arm is planning to cut a number of senior executive p ...

  28. Business Matters: Terra Firma, 'Glee,' Wolfgang's Vault and more

    May 28, 2010 12:00 AM EDT Follow Glenn Peoples on Twitter or e-mail him at gpeoples AT billboard.com. -- A source close to Kohlberg Kravis & Roberts (KKR) denied to the Financial Times the buyout firm has been in talks with Terra Firma . “There are no discussions betwe ...

  29. 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 ...

  30. 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 ...

  31. 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 ...

  32. 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 ...

  33. 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 ...

  34. Universal Music Says Not In talks On EMI

    March 23, 2010 12:00 AM EDT Universal Music Group is not holding talks with Terra Firma about a deal for struggling EMI, a UMG spokesman said. Speculation has swirled in recent weeks that private equity owners Terra Firma could look to sell certain EMI assets or break the gr ...

  35. 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 ...

  36. Business Matters: WMG, EMI, Rhapsody, Sonos and more

    March 15, 2010 12:00 AM EDT - Over the weekend, The Telegraph reported that private equity firm KKR is in talks with Warner Music Group to break up EMI . KKR, which last year created a music publishing joint venture with Bertelsmann, is said to desire EMI’s music publishing ...

  37. KKR, Warner Music Eye Break-up Bid For EMI: Report

    March 15, 2010 12:00 AM EDT Private equity firm KKR and Warner Music Group are in talks to launch a break-up bid for Warner's indebted British rival EMI, reported the Sunday Times. The paper said KKR is interested in acquiring the music publishing arm of EMI, which it s ...

  38. 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 ...

  39. Bertelsmann Welcomes BMG EU Approval

    September 11, 2009 12:00 AM EDT Bertelsmann has welcomed the EU Commission's decision to approve the music rights joint venture between Bertelsmann and KKR, BMG Rights Management. "We pursue the joint goal of turning BMG into a global music services provider," sai ...

  40. EU clears Bertelsmann, KKR music rights JV

    September 09, 2009 12:00 AM EDT German media group Bertelsmann gained European Union regulatory approval on Wednesday for a joint music rights venture with private equity firm Kohlberg Kravis Roberts & Co. Bertelsmann, which will own 49% of the joint venture, will contribute ...

  41. 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 ...

  42. 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 ...

  43. Inquiries Into Jackson Estate's Sony/ATV Holding

    July 20, 2009 12:00 AM EDT Major financial firms have made inquiries into buying the 50 per cent share of Sony/ATV Music Publishing owned by the estate of Michael Jackson, according to the New York Times. The Times names Colony Capital, Kohlberg Kravis Roberts, Plainfield A ...

  44. Bertelsmann Forms New Rights Management JV

    July 08, 2009 12:00 AM EDT After weeks of negotiations, the German media group Bertelsmann in Gütersloh has signed a deal with the investment company Kohlberg Kravis Roberts & Co. L.P. (KKR) in London to invest in and grow the BMG Rights Management operation, which was ...

  45. Report: Bertelsmann Targets EMI Masters

    June 24, 2009 12:00 AM EDT German media group Bertelsmann wants to become a major player in the music business once again, according to a report in Hamburg's Manager Magazin. U.S. private equity firm KKR and several banks are said to be ready to act as co-investors for ...

  46. EMI Calls Quits With Buyout Bidder

    December 14, 2006 12:00 AM EST EMI Group's brief flirtation with a potential new private equity owner has finished, at least for now. In a brief statement issued this morning (Dec. 14) to the London Stock Exchange, the music major confirmed that discussions on a potential ...

  47. EMI Group Acquisition Still In Question

    December 08, 2006 12:00 AM EST EMI Group plc has declined to comment on speculation that it is close to a deal to be acquired by a private-equity group. A Dec. 8 report on The Wall Street Journal Online claims that Permira Advisers, the European private-equity company, is the b ...

  48. Permira Keeps Mum On EMI Takeover Reports

    November 29, 2006 12:00 AM EST Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Group Plc. Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Gr ...

  49. Permira Keeps Mum On EMI Takeover Reports

    November 29, 2006 12:00 AM EST Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Group Plc. Representatives of Permira are staying silent on reports that the private equity firm is eyeing up a takeover of EMI Gr ...

  50. EMI Confirms Approach

    November 28, 2006 12:00 AM EST EMI Group plc is the target of a takeover. The British music major confirmed in a statement to the London Stock Exchange today (Nov. 28) that it has "received a preliminary approach for the company which may or may not lead to an offer being ...

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