Further Dealings: BMG Snaps Up EDM publisher

BMG Rights Management CEO Hartwig Masuch dipped into the EDM space with the acquisition of Talpa Music, a Dutch publishing firm that owns more than 37,000 songs by artist/songwriters including Afrojack, Tiësto, Fedde Le Grand, Fabian Lenssen and Laidback Luke. According to sources, Masuch agreed to pay about $40 million for Talpa, which was founded by music publisher Tony Berk and media entrepreneur John de Mol in 2005. Talpa last year generated a net publisher share of €2.5 million ($3.5 million) from its owned repertoire, according to sources. The company also serves as administrator for another 500,000 songs. As part of the deal BMG will also acquire Canal Music, a publishing venture that handles compositions from contestants on "The Voice," as well as Talpa's stakes in independent U.K. publisher Phrased Differently and music-library firm Music­Director.