BMG close to buying out KKR--Post
LIKE OIL & PILSENER: Bertelsmann is in advanced talks to buy out KKR’s 51% stake in BMG Rights Management, with the price at the crux of the negotiations, the N.Y. Post reports, intensifying recent speculation based on the two entities’ divergent goals. “They are very close to something with KKR, and the relationship is amicable,” a source told media reporter Claire Atkinson. “They will exit at a good multiple.” BMG started out as a publishing company but more recently has branched out into recorded music, picking up Mute and Sanctuary. The next target of the Hartwig Masuch-led company could be Concord Music Group, which is reportedly seeking a strategic partner. Meanwhile, Bertie CEO Thomas Rabe is looking to digital media and international expansion to boost the German conglomerate’s growth rate. Atkinson says Bertelsmann had explored bringing in another partner to replace KKR, including Samsung. (2/20a)
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMS
