BMG and Concord Announce Merger, Creating Major Independent Music Company
BMG and Concord have officially announced a definitive agreement to combine their businesses, forming what is described as the world's fourth major music company and a leading independent music entity with an estimated $2 billion in revenue.
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BMG and Concord to Merge, Creating the World’s Fourth Major Music Company
As widely rumored earlier this year, BMG and Concord have officially announced “a definitive agreement to combine their businesses,” creating what is basically the fourth major music company, although they’re terming it “the leading independent music company in the world.” The deal, which sources place between $6.6 billion and $7 billion, would form a company […]
By Jem Aswad
Read full article →BMG to Buy Concord in Major Indie Music Merger
The tie-up creates a scaled publisher and catalog company with an estimated $2 billion in revenue that will be majority owned by BMG parent company Bertelsmann.
By Elizabeth Dilts Marshall
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