Entertainment · 22 views
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.
AI Summary
BMG's acquisition of Concord is a significant development in the music industry, as it will create a major player in both publishing and catalog companies. This merger brings together BMG's existing publishing and catalog operations with Concord's extensive music catalog, resulting in a company with an estimated $2 billion in revenue.
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