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BMG Music Publishing (formerly known as RCA Music Publishing), which was not part of the Sony BMG merger, was a business of the Bertelsmann Music Group until it was sold to Universal Music Group for €1.63 billion in 2007. Universal then folded the company into Universal Music Publishing Group, and the BMG name was retired. [2]
Masuch has been a member of Bertelsmann's Group Management Committee since 2013. [83] In the 2018 financial year, BMG posted revenues of €545 million. Rights and licenses accounted for 91.1% and products and merchandise 8.9%. Almost half of its revenues (44.1%) were generated in the United States.
From 2009 to 2013, KKR supported the international expansion and numerous acquisitions of BMG Rights Management. [23] [24] Since 2013, Masuch has been a member of Bertelsmann's group management committee, the highest management body below the executive board. [25] In January 2023, Masuch announced that he would retire from BMG at the end of the ...
Bank Mendes Gans (BMG) is a Dutch bank specialising in international cash management services. Founded in 1883 and located in the centre of Amsterdam , the Netherlands , BMG is an independently operated subsidiary of the ING Group (as part of Wholesale Banking [ 2 ] ).
The merger affected all Sony Music and Bertelsmann Music Group companies worldwide except for Japan, where it was felt that it would reduce competition in that country's music industry significantly. Financial analysts covering the merger anticipated that up to 2,000 jobs would be cut as a result, saving Sony BMG approximately $350 million ...
However, many institutions have canceled their plans — Universal Music Group, BMG and Warner Music Group among them — and instead are allocating resources to Los Angeles-area wildfire relief and rebuilding efforts. The Recording Academy condensed pre-Grammy week plans to just four events, each featuring a fundraising element.
As a result, the group ascended to become a well-known international company, and Bertelsmann was temporarily the world's largest media group. [69] In the financial year of 1990/1991, Bertelsmann had over 45,000 employees and reached sales of 14.5 billion Deutsche Mark annually. 63% involved business outside of Germany, and the United States ...
Roger Waters became the highest-profile person to face career fallout. In January, BMG severed ties with the Pink Floyd co-founder over his long-standing criticism of Israel, which has drawn the ...
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