Industry | Music |
---|---|
Genre | Various |
Predecessor | Bertelsmann Music Group |
Founded | October 2008 |
Headquarters | Berlin, Germany |
Number of locations
|
14 |
Area served
|
Worldwide |
Key people
|
Hartwig Masuch (CEO) Zach Katz (US) Alistair Norbury (UK) Dominique Kulling (Germany) Stéphane Berlow (France) Albert Slendebroek (Benelux) Dino Stewart (Italy) Pablo Rodríguez (Spain) Sanken Sandqvist (Scandinavia) Heath Johns (Australia) |
Services | Music rights management |
Number of employees
|
700+ |
Parent | Bertelsmann |
Website | www |
Footnotes / references Distributed by Warner Music Group, ADA, Sony Music, Good2Go, Absolute Label Services, and PIAS |
BMG Rights Management GmbH 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. The company was established in 2008 as a joint venture between Bertelsmann and the global private equity firm Kohlberg Kravis Roberts (KKR). In March 2013, Bertelsmann took over BMG by acquiring KKR's shares, making BMG a fully owned subsidiary of the Bertelsmann group. The company's head office is in Berlin, and it operates regional offices in New York, Nashville, Los Angeles, London, Madrid, Paris, , Hilversum, Milan, Beijing, Toronto, Sydney, and São Paulo. BMG is the youngest and fourth-largest major international company in the music industry, with over 2.5 million compositions and recordings in its library.
The formation of the company was first announced on October 1, 2008 shortly following Bertelsmann's sale of its music interests from the 1986 founded Bertelsmann Music Group to Sony Music Entertainment. As compensation, Bertelsmann kept the rights to master recordings by 200 artists. BMG opened its first offices in January 2009 in Paris, London, Milan, Madrid, and Amsterdam, with headquarters in Berlin. 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, whose clients included Elvis Presley, John Denver, and the Black Eyed Peas. The acquisition gave BMG a major presence in the U.S.