BMG Rights Management

"BMG" redirects here. For other uses, see BMG (disambiguation).
BMG Rights Management GmbH
Industry Music
Genre Various
Predecessor Bertelsmann Music Group
Founded October 2008 (2008-10)
Headquarters Berlin, Germany
Number of locations
 14
Area served
 Worldwide
Key people
 Hartwig Masuch (CEO)
Maximilian Dressendörfer (CFO)
Fred Casimir (Executive Vice President Continental Europe)
Martin Dannhoff (Executive Vice President Business & Legal Affairs)
Thomas Mackenbrock (Executive Vice President Global Business Strategy
Zach Katz (US)
Alexi Cory-Smith (UK)
Maik Pallasch (Germany)
Stéphane Berlow (France)
Brian Dessaur (Benelux)
Dino Stewart (Italy)
Daniela Bosé (Spain)
Sanken Sandqvist (Scandinavia)
Heath Johns (Australia)
John Telfer (Brazil)
Services Music rights management
Number of employees
 550+
Parent Bertelsmann
Website www.bmg.com
Footnotes / references
Distributed by Warner Music Group, INgrooves, ADA and RED (certain releases)

BMG Rights Management is an international music company focused on the management of music publishing, recording rights and music distribution. The company operates as a division of the international media conglomerate Bertelsmann, its name being the legacy of the former Bertelsmann Music Group (BMG), which was sold to Sony Music Entertainment in 2008. The company was established in 2008 as a joint venture between Bertelsmann and the global private equity firm KKR. The company's head office is in Berlin, and it operates regional offices in New York, Nashville, Los Angeles, London, Madrid, Paris, Stockholm, Hilversum, Beijing, Toronto, Sydney, and São Paulo. BMG is the youngest major international company in the music industry.

History

The company was first announced in October 2008 shortly following Bertelsmann's sale of its music interests to Sony Music Entertainment. BMG opened their first offices in January 2009 in Paris, London, Milan, Madrid, Amsterdam, with headquarters in Berlin.[1] The company trades under the name BMG Chrysalis in the United States of America, the United Kingdom and Sweden.

BMG in 2010 made its biggest acquisition at the time with the purchase of Cherry Lane Music. The Cherry Lane roster of clients includes Elvis Presley, John Denver, the Black Eyed Peas, etc. The acquisition gave BMG a major presence in the U.S. [2]

In 2012, BMG was the fourth-largest music publisher in the world, based on revenue.[3] Since 2012, BMG expanded in the administration and management of master recording rights by establishing the BMG masters model. The model is based on both artist and company jointly contributing toward distribution and promotional finances, while the company generally does not pay an advance against royalties; This allows for the recording contract to grant a higher royalty rate to the recording artist than more traditional arrangements.[4]

BMG acquired Sanctuary Records Group from Universal Music Group for over €45 million in February 2013.[5] The previous BMG had distributed Sanctuary in certain territories. The deal was approved by the EU in May 2013.[6]

In March 2013, Bertelsmann took over BMG by acquiring KKR’s shares, making BMG a fully owned subsidiary of the Bertelsmann group and underlining Bertelsmann’s long-term interest in the music business.[7] [8]

In 2014, it was the most successful music publisher in Germany and received 53 Grammy nominations. [9] Soon after completing its acquisition of Mute Records and Sanctuary, BMG arranged for INgrooves to distribute the catalogues in North America, and Play It Again Sam for the rest of the world. Also, Depeche Mode (Mute) will be distributed through Sony Music Entertainment, while Black Sabbath (Sanctuary) remained at Universal Music Group until March 2014.[10] Then in 2014, BMG signed multi-platinum selling group Day26. In November 2014, BMG acquired Union Square Music.[11] [12] [13]

BMG completed the purchase of Oregon-based metal and hard rock label Rise Records, home to The Devil Wears Prada (band), Of Mice & Men (band), and PVRIS in 2015. [14] [15] In 2015, the Berlin based company became the 5th biggest recorded music company in the UK. [16]

In April 2016, BMG signed a distribution deal with Warner Music Group, which will cover most of BMG's catalogue and future releases; though a few albums will remain distributed by other labels.[17]

At the end of May 2016, BMG expanded into Brazil by acquiring the local publisher Basement Music.[18] In July 2016, BMG completed two major acquisitions. First, BMG announced the acquisition of the recording assets of The End Records, a New York based independent label. As part of the deal, BMG is acquiring the label’s entire catalogue, as well as its rights to future recordings. [19] Second, BMG acquired the 131-year old Australian music publishing and recording company Alberts. [20] [21]

Services

BMG works in the field of administration and management of musical copyrights. It acts as broker between the creative community and the professional users in times of multiple digital exploitation and distribution. BMG offer artists and producers assistance to administer, manage, develop, market and exploit their copyrights globally. The company devotes a percentage of its funds developing new talent.[22]

BMG Chrysalis UK senior vice-president Alexi Cory-Smith commented that "The music business has changed. Writers want a new alternative. BMG Chrysalis is proving it has the resources, the technology and the creative vision to provide that alternative".[23]

Subsidiaries and artists

The company has brought many music publishers and record labels. It has also signed numerous artists.

Music publishers

Labels

Signings

See also

References

  1. ↑ Spahr, Wolfgang (14 October 2008). "Bertelsmann Unveils BMG Rights Management". Billboard. Nielsen Business Media, Inc. Retrieved 2009-12-12.
  2. ↑ BMG Rights Management To Acquire Cherry Lane. Billboard.(2010-03-26). Retrieved on 2016-07-16.
  3. ↑ Billboard Power 100: Hartwig Masuch | Billboard. Billboard.biz (2012-01-26). Retrieved on 2013-07-16.
  4. ↑ "BMG: Dexys' release shows artists want alternatives to 'old-style record deals'". MusicWeek. 2012-03-07.
  5. ↑ Chmielewski, Dawn C. (2013-02-14). "Universal Music agrees to sell Sanctuary Records". Los Angeles Times.
  6. ↑ EC approves BMG acquisition of Mute and Sanctuary catalogues. Music Week. Retrieved on 2013-07-16.
  7. ↑ Bertelsmann Buys Out BMG for $390M: Sources. Billboard (2013-03-01). Retrieved on 2013-07-16.
  8. ↑ THOMAS RABE, CEO OF BMG PARENT BERTELSMANN, SIGNS NEW DEAL: Sources. Music Business Worldwide (2016-01-27). Retrieved on 2016-07-18.
  9. ↑ Bertelsmann Posts Revenue Gains, CEO Talks BMG's Alibaba Deal: 'You Can't Make Money With CDs in China': Sources. Billboard (2015-03-31). Retrieved on 2016-07-18.
  10. ↑ News | BMG Music Rights Management. Bmg.com (2013-06-25). Retrieved on 2013-07-16.
  11. ↑ BMG Acquires Union Square Music. Retrieved on November 4, 2014
  12. ↑ BMG Purchases Union Square Music: Sources. Billboard (2014-11-06). Retrieved on 2016-07-18.
  13. ↑ BMG ACQUIRES UK CATALOGUE SPECIALIST UNION SQUARE MUSIC: Sources. Music Business Worldwide (2014-11-04). Retrieved on 2016-07-18.
  14. ↑ BMG Buys Metal Label Rise Records: Sources. Billboard. Retrieved on July 19, 2016
  15. ↑ BMG ACQUIRES US LABEL RISE RECORDS IN MULTI-MILLION DOLLAR DEAL: Sources. Music Business Worldwide (2015-05-18). Retrieved on 2016-07-18.
  16. ↑ HARTWIG MASUCH: 7 YEARS OF THE ‘NEW’ BMG HAS BEEN ‘A FORCE FOR GOOD’. Music Business Worldwide (2015-10-02). Retrieved on 2016-07-18.
  17. ↑ http://www.musicbusinessworldwide.com/warner-signs-bmg-deal-for-exclusive-worldwide-distribution/
  18. ↑ http://www.completemusicupdate.com/article/bmg-launches-brazilian-operation
  19. ↑ BMG Acquires New York Indie The End Records: Sources. Music Week (2016-07-01). Retrieved on 2016-07-18.
  20. ↑ BMG acquires Australian publishing and recording company Alberts: Sources. Music Week (2016-07-05). Retrieved on 2016-07-18.
  21. ↑ Oz Music Institution Alberts Has Been Bought By BMG: Sources. theMusic.com (2016-07-05). Retrieved on 2016-07-18.
  22. ↑ http://www.midem.german-pavilion.com/content/en/exhibitors/exhibitors_detail.php?exhibitor_id=26622
  23. ↑ Music Week. Music Week. Retrieved on 2013-07-16.
  24. ↑ "BMG Rights Management to Purchase Bug Music". Billboard. 2011-09-12.
  25. ↑ "BMG and Warner Music Said to Weigh Bid for Chrysalis". The New York Times. 2010-11-04.
  26. 1 2 3 BMG Buys Virgin, Famous Music Catalog From Sony/ATV. The Hollywood Reporter (2012-12-21). Retrieved on 2013-07-16.
  27. ↑ "BMG Rights Management Purchases R2M Music Lux SARL Catalog". Billboard. 2012-03-02.
  28. ↑ http://www.billboard.com/biz/articles/news/legal-and-management/6619971/buddy-hollys-widow-entrusts-bmg-with-the-rock-icons
  29. ↑ http://www.musicbusinessworldwide.com/bmg-signs-emerson-lake-palmer-global-catalogue-deal/
  30. ↑ Faughnder, Ryan. (2013-06-26) BMG to represent Rolling Stones' publishing post-1983. latimes.com. Retrieved on 2013-07-16.

External links


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