Investment giant Pimco eyes music copyrights with BMG

Its alliance with KKR is well established, but now the Financial Times has reported a separate BMG deal with Pimco, another giant financial investor. The post Investment giant Pimco eyes music copyrights with BMG appeared first on Music Ally. Source: Music ally

BMG says it has offset more than 3,000 tons of carbon dioxide

Our recent Music Ally TV Show sustainability episode offered plenty of encouragement for music companies thinking about cutting their emissions. Now BMG has been talking about its efforts on this front. The company says it has offset the more than 3,000 tons of carbon dioxide produced by its activities in 2019, including offsetting its emissions […]

BMG to buy majority stake in German live firm Undercover

As the second wave of the Covid-19 pandemic grows in many countries, now’s a very difficult time to be involved in live music. However, it may also be seen as an opportunity by companies looking to make acquisitions in live. BMG, for example, is getting into live music for the first time, with an agreement […]

#TheShowMustBePaused: next steps, Stormzy, YouTube and more

One of the key points about the #TheShowMustBePaused campaign last week was that it was not a single day of action, but rather the springboard for much, much more. Today, there’s a lot to report on in that regard, within both the music and tech worlds. Start by reading Billboard’s interview with Brianna Agyemang and Jamila […]

BMG’s parent company wants to be carbon neutral by 2030

2030 has become a key date in the battle against the climate emergency, although also a controversial one – many campaigners think even 10 years is too long to take the urgent action required. Still, it’s a target, and it’s one that BMG’s parent company Bertelsmann is getting behind. “By 2030, the international media, services, and […]

BMG boss suggests major-label valuations are overblown

BMG’s chief executive Hartwig Masuch has been taking his latest potshots at the three major labels, this time focusing on whether their cost structures will prove unwieldy as deals tip more in favour of artists, from frontline catalogue to renewals of existing deals. “The deals for big hits today are much more aggressive than people […]

‘Organic growth’ helped BMG revenues grow by 7.5% in 2018

Music company BMG’s revenues grew by 7.5% in 2018 to €545m (around $615m) according to the latest financial results published by parent company Bertelsmann. CEO Thomas Rabe said that organic growth was key to the company’s overall progression. “BMG benefited in particular from the expansion of its recordings business, which grew strongly during the reporting year; […]

Aller à la barre d’outils