1. Bertelsmann Reports First Half Profits, Sets Sights and Pins Hopes on Chinese Entrance

    August 29, 2014 10:27 AM EDT 0 0 0 The German media group Bertelsmann has high hopes for investments in the Chinese music market, and optimism fueled by the successes of its music publishing division the Bertelsmann Music Group (BMG). At the presentation of Bertelsmann's half-ye ...

  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. 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. 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 ...

  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. 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 ...

  9. 'American Idol' Creator Simon Fuller to Bid on EMI Assets

    October 08, 2012 6:54 PM EDT Simon Fuller, the Spice Girls svengali and creator of the TV format behind American Idol, is looking to submit a bid for all the EMI businesses that Universal Music Group must sell. Vivendi-owned UMG recently won regulatory approval of its $1.9 bi ...

  10. Business Matters: Reports of the Death of Major Labels Are Greatly Exaggerated

    September 17, 2012 6:16 PM EDT People I talk to seem to be split between two opinions: the majors are doing OK; and the majors are doomed. If people come from the world of independent music they tend to be biased against the major labels or downright distrustful of them. If the ...

  11. 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 ...

  12. 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 ...

  13. 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 ...

  14. 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 & ...

  15. 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 ...

  16. 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 ...

  17. 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 ...

  18. 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. ...

  19. 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 ...

  20. 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 ...

  21. 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 ...

  22. 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 ...

  23. 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 ...

  24. Bertelsmann Execs Undecided On Sony BMG Fate

    March 18, 2008 12:00 AM EDT "There are no specific plans to sell our share in Sony BMG." That was the response given by Bertelsmann CFO Thomas Rabe who, together with his colleague Hartmuth Ostrowski, the German media giant's CEO, spoke with Billboard.biz toda ...

  25. Sony BMG Drags Bertelsmann's Bottom Line

    November 08, 2006 12:00 AM EST The Sony BMG joint venture "continues to face challenges" in light of a "sharp decrease" in the volume of the recorded music market, parent company Bertelsmann reported today (Nov. 8). The Sony BMG joint venture "continues ...

  26. Bertelsmann Pays UMG $60m In Napster Settlement

    September 06, 2006 12:00 AM EDT Bertelsmann AG and Universal Music Group have settled litigation over the German media company's $85 million investment in the original peer-to-peer service Napster. Bertelsmann will pay UMG $60 milli Bertelsmann AG and Universal Music Group ...

  27. Report: Bertelsmann To Optimize Sony BMG Stake

    July 03, 2006 12:00 AM EDT Bertelsmann wants to structure its 50% share in the Sony BMG joint-venture more flexibly over the next few months, Bertelsmann CFO Thomas Rabe told German daily newspaper Frankfurter Allgemeine Zeitun Bertelsmann wants to structure its 50% share i ...

  28. Report: Bertelsmann To Optimize Sony BMG Stake

    July 03, 2006 12:00 AM EDT Bertelsmann wants to structure its 50% share in the Sony BMG joint-venture more flexibly over the next few months, Bertelsmann CFO Thomas Rabe told German daily newspaper Frankfurter Allgemeine Zeitun Bertelsmann wants to structure its 50% share i ...