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BMG Rights Management

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"BMG" redirects here. For other uses, see BMG (disambiguation).
BMG
IndustryMusic
FoundedBerlin, Germany, (October 2008 (2008-10))
Headquarters
Berlin
,
Germany
Key people
Hartwig Masuch (CEO)
Max Dressendörfer (CFO)
Kay Krafft (CIO)
Steven Moran (COO)
Laurent Hubert (US)
Richard Blackstone (CCO US)
John Dobinson (COO Europe)
Fred Casimir (Europe)
Alexi Cory-Smith (UK)
Maik Pallasch (Germany)
Stéphane Berlow (France)
Mary Ann Slim (Ireland)
Frank Bruens (Benelux)
Dino Stewart (Italy)
Javier Sanz (Spain)
Sanken Sandqvist (Scandinavia)
ServicesMusic rights management
ParentBertelsmann AG, KKR
WebsiteOfficial website

BMG is an international group of music companies focused on the management of music rights and a joint venture between the international media company Bertelsmann and the global private equity firm KKR. The company's head office is in Berlin, but it also has regional offices New York, Nashville, Los Angeles, London, Madrid, Milan, Paris, Munich, Stockholm, Dublin and Hilversum in the Netherlands.

Company Profile

BMG is the fourth-largest music publisher in the world, based on revenue.[1] The company was first announced in late 2008 shortly following Bertelsmann's sale of its music interests to Sony Music Entertainment, and first opened offices in January 2009.[2] BMG focuses on the competent and transparent administration and management of musical copyrights and acts as broker between the creative community and the professional users in times of multiple digital exploitation and distribution. Since its founding, the company has completed a number of prominent signings and now represents the rights to around one million songs. It has acquired major independent publishers such as Crosstown Songs, Cherry Lane Music Publishing, Stage Three Music, Evergreen Copyrights, Chrysalis Music Group,[3] Bug Music[4] and R2M.[5]

As a service provider, BMG supports songwriters, recording artists and producers to administer, manage, develop, market and exploit their copyrights globally. The company serves artists of all genres, nationalities and levels of development and devotes a substantial percentage of its funds each year to signing and developing new talent.[6] BMG contributes its licensing know-how, a diverse roster of artists and songwriters, an established brand name and a proficient management strategy to the joint venture. KKR holds 51% of the company, the remaining 49% reside with Bertelsmann.

Hartwig Masuch, BMG CEO, has demonstrated that his business strategy of becoming a European service provider in the music world has proven to be a realistic approach. With its' business model, BMG has quickly acquired national stars such as Sasha, Nena, Peter Fox and Zweiraumwohnung. Especially in 2011 and 2012, a great variety of young new international songwriters, artists and producers with promising potential has been added to the roster of BMG. The company provides the opportunity for their creative development while taking over the management of copyrights. "There is lots more to come," said BMG Chrysalis UK senior vice-president Alexi Cory-Smith "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."[7]

Since 2012 BMG has expanded in the administration and management of master rights. The BMG masters model is based on band and company jointly agreeing a budget and working together to manage costs and then paying the artist a much larger royalty.[8]

Artists and writers

See also

References

  1. ^ http://www.billboard.biz/bbbiz/others/billboard-power-100-hartwig-masuch-1006004962.story
  2. ^ Spahr, Wolfgang (October 14, 2008). "Bertelsmann Unveils BMG Rights Management". Billboard. Nielsen Business Media, Inc. Retrieved 2009-12-12. {{cite web}}: Italic or bold markup not allowed in: |work= (help)
  3. ^ "BMG and Warner Music Said to Weigh Bid for Chrysalis". The New York Times. 2010-11-04.
  4. ^ "BMG Rights Management to Purchase Bug Music". Billboard. 2011-09-12.
  5. ^ "BMG Rights Management Purchases R2M Music Lux SARL Catalog". Billboard. 2012-03-02.
  6. ^ http://www.midem.german-pavilion.com/content/en/exhibitors/exhibitors_detail.php?exhibitor_id=26622
  7. ^ http://www.musicweek.com/story.asp?storycode=1048727
  8. ^ "BMG: Dexys' release shows artists want alternatives to 'old-style record deals'". MusicWeek. 2012-03-07.
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