Bertelsmann Music Group

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Topic: Bertelsmann Music Group

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In the News (Mon 28 May 12)

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	The Telegraph - Calcutta : Business
		But the purchase is by far the most expensive record label acquisition in music history and analysts say the exorbitant price virtually ensures that Bertelsmann’s long-suffering music division, which appeared poised for a turnaround this year, will be swimming in red ink for years to come.
		Bertelsmann is purchasing the remaining 75 per cent stake in Zomba, for about $ 3 billion, as a result of a deal it agreed to a decade ago.
		Bertelsmann’s financial release comes amid an abrupt strategy shift that began five weeks ago with the unexpected ouster of chief executive Thomas Middelhoff, who had been leading the privately owned, conservative media giant to invest in emerging technology and undertake a public stock offering.
	www.telegraphindia.com /1020905/asp/business/story_1169285.asp (307 words)

	BMG completes Zomba acquisition
		Bertelsmann AG’s BMG division has completed the purchase of its remaining stake in the Zomba Music Group--whose stable includes Britney Spears as well as boy bands N’ Sync and the Backstreet Boys--for $2.74 billion.
		In other Bertelsmann news, the company has reportedly reached an agreement with Amazon.com under which Amazon will run the Web operations of its CDnow music retail site.
		That is nearly 9% less for the 80% stake than the $3 billion that was expected in June, when Zomba co-founder Clive Calder exercised an option to sell the company to Bertelsmann.
	www.newyorkbusiness.com /news.cms?id=4663 (225 words)

	CelebrityAccess Headline News
		FRANKFURT, Germany (AP) -- German media giant Bertelsmann AG said Tuesday its BMG music division had completed the purchase of its remaining stake in the Zomba Music Group -- the record company of Britney Spears, 'N Sync and the Backstreet Boys -- for $2.74 billion.
		Former Zomba majority owner Clive Calder is leaving his post as chairman and chief executive but will continue to serve as a part-time adviser, Bertelsmann said in a statement.
		BMG adds Zomba and its artists to its current labels such as Arista, RCA and J Records and acts including Christina Aguilera, Dido, Whitney Houston, Alan Jackson, Alicia Keys, Pink and Carlos Santana.
	celebrityaccess.com /news/news_article.html?id=3572&... (292 words)

	Digital Music News
		The loss is largely caused by the acquisition of Clive Calder`s Zomba Music Group, of which Bertelsmann was forced to write-off more than 50% of.
		Meanwhile, Warner Music was long ago acquired privately by an investment group led by Edgar Bronfman, Jr., a move that required no approval process.
		The proposed merger between Sony Music and Bertelsmann`s BMG has resulted in a classic regulatory headache.
	www.digitalmusicnews.com /results?title=bmg&query_start=61 (292 words)

	BMG Buys Zomba Music in $3B Deal
		FRANKFURT, Germany (AP) - Zomba Music Group, the record company of Britney Spears, 'N Sync and the Backstreet Boys, is exercising an option to sell out to BMG, the music division of German media conglomerate Bertelsmann AG.
		Bertelsmann bought a 25 percent stake in Zomba's music publishing business in 1991 and a 20 percent stake in its recording unit in 1996, the company said.
		It would acquire full ownership of Zomba — the world's largest independent record company — at a time when the music business as a whole is facing falling record sales blamed on illegal copying of compact discs and digital piracy.
	www.backstreet.net /www.cgi?x=show&d=news&i=020612-0000-04 (314 words)

	theage.com.au - The Age
		Clive Calder, the reclusive majority owner of Zomba Music Group, is exercising a longstanding option to sell Zomba to Bertelsmann, parent of BMG Entertainment, already one of the biggest music companies in the world.
		The record executive behind some of the hottest music acts of the past few years is compelling media giant Bertelsmann AG to buy the share of his company it doesn't already own for about $US3 billion ($A5.26 billion), at a time when the music industry is facing its biggest downturn in years.
		BMG is currently the fifth-largest of the five major global players in the music business, and because it already distributed Zomba's records in the US and Canada, the deal doesn't vastly increase its market share, although it will boost revenue.
	www.theage.com.au /articles/2002/06/12/1023864296730.html (594 words)

	BMG, EMI back in merger talks, reports say
		BMG's $2.7 billion acquisition of Zomba Music Group last year means Bertelsmann already exceeds its own debt limit of €3 billion ($3.2 billion) or 1.5 times the German group's cash flow.
		Analysts value the U.K. music group at around $4 billion, a quarter of what BMG was reportedly willing to pay for the company in 2001.
		A Bertelsmann spokesman Tuesday declined to comment on reports of a possible BMG-EMI fusion but sources near BMG said the option was "being discussed" now that a merger looks more likely to be accepted by the European Union's anti-trust commission.
	www.hollywoodreporter.com /thr/article_display.jsp?vnu_content_id=1795852 (370 words)

	The Daily Texan
		BRUSSELS, Belgium - The European Union's head office gave its approval to the German media giant Bertelsmann AG's $3 billion buyout of U.S.-based Zomba Music Group, record label of Britney Spears, 'N Sync and the Backstreet Boys.
		The deal will see Zomba, the world's largest independent record label, end up under the control of Bertelsmann's music subsidiary BMG, which owns more than 200 record labels, including Arista Records, RCA Records and Ariola Music.
		German BMG label buys out Zomba Music Group
	www.dailytexanonline.com /media/paper410/news/2002/09/05/Entertainment/Briefs-499589.shtml?norewrite&sourcedomain=www.dailytexanonline.com (335 words)

	BMG Buys Zomba Music Group
		Zomba Music Group, the world’s largest independent record company, has exercised its put option to be acquired by Bertelsmann’s BMG.
		In 1991, BMG acquired 25 per cent of Zomba’s music publishing division, followed by 20 per cent of its record division in 1996.
		Zomba is perhaps best known for its ownership of Jive Records, home of pop stars such as *NSYNC, The Backstreet Boys and Britney Spears.
	www.chartattack.com /damn/PrintThis.cfm?ID=2002061206 (254 words)

	Backstreet Boys Sue Zomba Seeking $100 Million
		They have sued Zomba Music Group, saying the record label effectively barred the group from recording a new album because of a preoccupation with a now-completed merger with German media giant Bertelsmann AG.
		A lawyer for the boy band, one of Zomba's biggest acts, said on Tuesday the group was seeking $75 million for violation of trademark, $5 million for a lost advance and at least $20 million in punitive damages in the lawsuit filed in federal court in Manhattan.
		Zomba leaves behind its ranking as the world's biggest independent label as it moves under the umbrella of BMG, home to stars such as Christina Aguilera and the Foo Fighters and a catalog including Elvis Presley.
	www.backstreet.net /www.cgi?x=show&d=news&i=021126-2305-00 (534 words)

	Newsbytes News Network: BMG to Buy Control of Zomba Music - Bertelsmann Music Group
		BMG, the music division of German media conglomerate Bertelsmann AG, announced yesterday that it has agreed to take control of Zomba Music Group, the record label that revived the teen pop genre with the likes of Britney Spears and 'N Sync.
		BMG to Buy Control of Zomba Music - Bertelsmann Music Group
		Music industry revenue declined 7 percent last year, a drop that some attribute to the growth of Internet technology that allows users around the world to trade copies of songs without paying, despite the shutdown of file-sharing giant Napster.
	www.findarticles.com /p/articles/mi_m0NEW/is_2002_June_12/ai_89573148 (467 words)

	USATODAY.com - Bertelsmann taps hitmaker Clive Davis to tune up RCA label
		Along with the new RCA group and Arista, Schmidt-Holtz says he's "quite optimistic" about closing a deal by year's end to complete BMG's purchase of Zomba Music Group — home to Britney Spears and 'N Sync — and keep its founder, Clive Calder.
		Bertelsmann's BMG music unit bought the 50% stake it doesn't already own in Davis' J Records, home to Alicia Keys, Rod Stewart and Luther Vandross.
		In other music news, EMI said Tuesday that it's selling its 14.5% stake in retailer HMV for about $111 million.
	www.usatoday.com /money/media/2002-11-19-music_x.htm (510 words)

	Music Business - Belmont University
		The company was bought by the Zomba Music Group in 1994 and is now owned by Bertelsmann Music Group.
		Provident Music Group (formerly Brentwood Music) is one of the top three companies in the Christian Music Industry.
		In 1971 I became the minister of music for the Bethany First Church of the Nazarene in Bethany, OK. There, I coordinated an extensive music program with 19 ensembles and choirs and directed a weekly studio-produced television show.
	www.belmont.edu /mb/profile.cfm?idno=380 (347 words)

	Teen dreams, rock vets tune up.
		HOLLYWOOD (Variety) - The sound of young men singing and girls screaming continues to be music to the ears of the Bertelsmann Music Group as the music distributor cleared up one of its two most pressing issues as 1999 came to a close.
		Jive, home to the Backstreet Boys and part of the white-hot Zomba Music Group, reupped its distribution agreement with BMG and on March 7, will issue the second disc of new material from 'N Sync, which had been on the BMG-distributed RCA imprint.
		Timing, in a cyclical business such as the music industry, is often the difference between being perceived as a genius or as out of touch.
	www.fortunecity.com /tinpan/foottap/24/a083.htm (1346 words)

	SONY BMG Music Entertainment
		Sony BMG Music Entertainment will be 50% owned by Bertelsmann and 50% owned by Sony Corporation of America.
		By pooling the resources of two of the most creative companies in the music industry we are perfectly positioned to help our artists realize their creative goals, while at the same time providing greater value to music consumers around the world.
		Tremendous praise is due the managements of both Sony Music Entertainment and BMG for the extraordinary wisdom and vision with which they approached the negotiation and merger process.
	www.bmg.com (870 words)

	Universal Music Group tests online music
		Other online music sellers, such as Listen.com, are also trying to land licenses to distribute music from the big five record labels, including Universal, Bertelsmann's BMG Entertainment, AOL Time Warner's Warner Music Group, Sony Music Entertainment and EMI Recorded Music.
		Universal Music Group is planning to fight what it considers widespread copyright violations on P2P networks by making its music library available via a paid music subscription service.
		The addition of Universal music to the Emusic.com catalog brings the number of songs offered by the subscription service to about 230,000 songs, according to the company.
	www.networkworld.com /newsletters/fileshare/2002/01459117.html (519 words)

	Bloomberg.com: Germany
		Sony Music and BMG had a combined market share of 25.1 percent last year, according to figures by the International Federation of the Phonographic Industry, an industry group.
		Sony BMG is the first successful large music merger since the formation of Universal Music Group in 1998.
		Sony BMG Music Entertainment, based in New York, will be half owned by Bertelsmann and by Sony's American unit.
	quote.bloomberg.com /apps/news?pid=10000100&sid=aJA8.MzOgEP4 (665 words)

	Forbes.com: Warner Music could benefit as private company
		Many executives point to the success of Zomba Music Group, which was the largest independent label before it was bought by privately-held Bertelsmann's BMG.
		The music executive added, however, that cuts would probably be deeper had EMI bought Warner Music.
		Atlantic Records, which was synonymous with rhythm and blues from the 1940s through the 1960s was founded by Ahmet Ertegun, before ultimately becoming part of Warner Music.
	www.forbes.com /work/newswire/2003/11/24/rtr1158997.html (769 words)

	My Past Loves - June 2002
		Bertelsmann AG's music unit, BMG Entertainment, is the smallest of the world's top five music distributors -- behind Vivendi Universal's Universal Music Group, Sony Music, EMI Plc.
		The news Tuesday that BMG will pay an estimated €3 billion ($2.8 billion) for the shares of Zomba Music Group that it doesn't already own will be a nice step in that direction after several missteps during the past two years, according to observers.
		Bertelsman Music Group (BMG) bought up the entire Zomba Recording Corporation, the company that owns Jive Records---Jennifer Love Hewitt's new record label.
	www.mylovehewitt.com /mylovenews/mpl062002.htm (4528 words)

	Universal Music Group
		EMI Group is the latest music publisher to sue German company Bertelsmann, alleging that its funding of file-swapping service......
		A group of large media and technology companies has unveiled a specification for a technology that will distribute digital......
		Roxio has snapped up online music subscription service Pressplay for cash and stock estimated at $39.5m (£24m)aimed at launching......
	www.computerweekly.com /A-Z/Landing/1001/1024821/Page1.htm (158 words)

	SONY BMG Music Entertainment
		Sony BMG Music Entertainment will be 50% owned by Bertelsmann and 50% owned by Sony Corporation of America.
		By pooling the resources of two of the most creative companies in the music industry we are perfectly positioned to help our artists realize their creative goals, while at the same time providing greater value to music consumers around the world.
		Sony BMG Music Entertainment will combine the best creative, operational and strategic assets of two very accomplished music businesses, and provide a vital new platform to further the development of talent and enjoyment of music around the world.
	www.bmg.com (158 words)

	GRAMMY.com
		Warner Music and Bertelsmann Music Group have introduced new anti-piracy technology that allows users to download music onto their mobile phones and share it with friends.
		British music company EMI Plc reported a drop in profits for the first half of its fiscal year, but said that negotiations to purchase Warner Music Group are progressing well.
		A group of music executives on Monday said that while online music industry piracy isn't going away anytime soon, the flurry of paid online services reaching the market and the increasing popularity of digital music players will likely spell better fortunes for the hard-hit music industry.
	www.grammy.com /news/newswatch/2003/1209.aspx (158 words)

	Business Relationships of Media Giants
		A corporate history prepared for the group's 150th anniversary in 1985 claimed that Bertelsmann was shut down by the Nazis because of the religious convictions of its chairman at the time.
		Vivendi Universal's subsidiary Universal Music Group is the world's top music company, with roughly 22% of the global market share in 1999.
		Its Sony Pictures Entertainment is one of the seven major movie houses in Hollywood, while Sony Music is one of the top five distributors of albums worldwide.
	www.fathersforlife.org /culture/chart.htm (158 words)

	Jones Encyclopedia of Media & Technology Information
		EMI Group (also “the Group,” originally Electrical and Musical Industries) is the smallest of the five major music recording conglomerates (along with Bertelsmann Music Group/BMG, Sony Music Entertainment, Universal Music Group, and Warner Music Group).
		Though 2002 was a success for the Group, BMG struggled, as did the other majors, against flagging global sales and the threat of unauthorized digital music filesharing.
		The Group is the fourth largest of the five major music recording giants (EMI-Recorded Music, Sony Music Entertainment, Universal Music Group, and Warner Music Group).
	www.jonesencyclo.com /profiles.cfm (12068 words)

	GRAMMY.com
		Warner Music and Bertelsmann Music Group have introduced new anti-piracy technology that allows users to download music onto their mobile phones and share it with friends.
		British music company EMI Plc reported a drop in profits for the first half of its fiscal year, but said that negotiations to purchase Warner Music Group are progressing well.
		A group of music executives on Monday said that while online music industry piracy isn't going away anytime soon, the flurry of paid online services reaching the market and the increasing popularity of digital music players will likely spell better fortunes for the hard-hit music industry.
	www.grammy.com /news/newswatch/2004/0123.aspx (12068 words)

	Bertelsmann: A New Net Powerhouse?
		Back in the spring, Bertelsmann Music Group put out a 10-page press release heralding its entry into the music subscription/download business.
		In the last year, Bertelsmann circled EMI Group, the London-based music and publishing business.
		If Bertelsmann can't persuade the other music companies to drop the suit, Napster could be shut down by the court and conceivably be held liable for billions in damages for copyright infringement.
	www.businessweek.com /2000/00_46/b3707001.htm (2647 words)

	boycott-riaa.com - Article: Bertelsmann AG and Napster come to terms
		Andreas Schmidt, President and CEO of Bertelsmann eCommerce Group, said, “Our strategic alliance with Napster is key to providing consumers in the future with access to the largest global music catalogue of high quality music files -- with added convenience and features.
		Bertelsmann AG’s eCommerce Group is reported to be financially backing this transition to a subscription model for Napster, in exchange for the ability to acquire a portion of Napster’s equity in the future.
		Napster and Bertelsmann will be actively seeking support from others in the music industry for this new alliance to bring membership based digital music distribution to the masses, something which the community has shown it is willing to accept as a viable means of digital distribution of music.
	www.boycott-riaa.com /article/print/3149 (658 words)

	Bertelsmann eyes sale/close of Web units-sources
		LONDON, Sept 1 (Reuters) - German media group Bertelsmann is looking to sell or shut its book business Bol.com and pull the plug on music service Napster in a clamp-down on loss-making ventures, sources close to the company said on Sunday.
		Bertelsmann's owners installed Thielen last month as they sought to steer the group on a more conservative path after Middelhoff's aggressive expansion aimed at propelling the group into the ranks of global giants such as AOL Time Warner.
		Bertelsmann's DirectGroup division, which houses the e-commerce businesses, confirmed it was considering strategic options of non-core operations but declined to comment specifically on Bol.com or Napster.
	emusician.com /misc/emusic_bertelsmann_eyes_saleclose/index.html (523 words)

	TIME Europe Business: Bertelsmann's Dilemma 1/31/2000
		Bertelsmann, one of Time Warner's competitors, owns 50% of AOL Europe, which means that a conflict of interest is imminent--in particular in the music sector, where Bertelsmann Music Group and Warner Music are strong rivals.
		Through a series of acquisitions Bertelsmann has become a leading force in the U.S. music industry and in recent weeks there have been press reports that it was negotiating to take over EMI or Sony Music.
		Bertelsmann denied press reports that it was bidding on EMI in competition with Time Warner.
	www.time.com /time/europe/webonly/bertelsmann.html (1257 words)

	Record labels sue Napster investor CNET News.com
		In February, a group of music publishers filed a lawsuit against Bertelsmann in federal district court in New York for at least $17 billion.
		Universal Music Group and EMI Recorded Music filed a lawsuit in the U.S. District Court in Los Angeles against San Francisco-based Hummer Winblad, its cofounder John Hummer and general partner Hank Barry, who was formerly the CEO at Napster.
		The publishers alleged that the German media company's investment in Napster led to massive abuse of their copyrighted works, and they charged that Bertelsmann's strategy to fund Napster extended the life of the file-swapping service, leading to greater theft of copyrighted works.
	news.com.com /2100-1027-997860.html (1257 words)

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In the News (Mon 28 May 12)