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Bmg

All articles tagged with #bmg

business3 days ago•21 min saved

BMG-Concord merger closes; Bob Valentine named CEO of the new music group

The BMG and Concord merger is complete, creating a global music company with HQ in Nashville and EU operations in Berlin. Ownership is split about 67% Bertelsmann and 33% affiliates of Great Mountain Partners, which received a $1.16 billion cash payment. Bob Valentine becomes CEO and Thomas Coesfeld serves as Chairman as the combined catalog tops four million works. The company targets over $2.5 billion in midterm revenue and about $1.2 billion in EBITDA, and plans to invest in creators, music rights, and AI.

via Music Business Worldwide|

#bmg #bob-valentine #business

business23 days ago•20 min saved

Suno and BMG strike global licensing pact as AI-driven music model nears launch

AI music platform Suno inks a global licensing alliance with BMG covering BMG’s recorded and publishing catalog, with opt-in rights protections and compensation, marking a milestone since its Warner Music tie-up and amid ongoing UMG/Sony lawsuits; Suno will also implement download limits and watermarking to curb misuse and align with the EU AI Act, as BMG’s agreement accompanies its broader strategy and Concord merger.

via Music Business Worldwide|

#ai #bmg #business

music-industry2 years ago•2 min saved

"BMG Ends Roger Waters Deal Over Israel Comments"

Music rights company BMG is severing ties with Pink Floyd co-founder Roger Waters due to controversial comments he made about Israel, Ukraine, and the United States. Waters' political statements, including branding President Joe Biden a "war criminal" and denouncing Russia's invasion of Ukraine as "not unprovoked," have led to the termination of their publishing agreement. Waters has a history of supporting Palestine and the Boycott, Divestment, and Sanctions (BDS) movement, which has sparked accusations of antisemitism, a claim he denies.

via Rolling Stone|

#bmg #israel #music-industry

music-industry2 years ago•2 min saved

"BMG Ends Publishing Deal with Roger Waters Over Israel Comments"

Music rights company BMG is parting ways with Pink Floyd co-founder Roger Waters over comments he made about Israel, Ukraine, and the United States, leading to the scrapping of a planned release of a newly recorded version of Pink Floyd’s 1973 album Dark Side of the Moon. Waters' divisive rhetoric over Israel has led to accusations of antisemitism, with various controversies surrounding his statements and actions. This split with BMG is unusual for a major publishing deal, and it reflects the ongoing fallout from Waters' controversial remarks.

via The Guardian|

#antisemitism #bmg #israel

music-industry2 years ago•1 min saved

"BMG Ends Publishing Deal with Roger Waters Due to Israel Comments"

BMG is reportedly ending its publishing deal with Roger Waters following his outspoken critiques of Israel and controversial comments on Ukraine, with the company's new CEO personally making the decision to part ways. Waters' anti-Zionist position has drawn backlash, reportedly scaring off buyers for Pink Floyd's catalog, and leading to career repercussions such as canceled shows and police investigations. This move by BMG reflects the rare occurrence of an artist losing a publishing deal over controversies.

via Stereogum|

#bmg #controversy #israel

music2 years ago•3 min saved

"BMG Ends Relationship with Roger Waters Due to Israel Comments"

BMG is parting ways with Roger Waters, the Pink Floyd co-founder, over his controversial political statements about Israel, Ukraine, and the United States. Waters' inflammatory comments have led to the termination of his publishing agreement with BMG, with the company preparing to separate entirely from the veteran musician. This move by BMG's new CEO, Thomas Coesfeld, signals a change in direction for the company, which has built itself into the fourth-largest global music company since its launch in 2008.

via Variety|

#bmg #controversy #music