Bertelsmann Music Group
BMG Music Publishing was a 100 % subsidiary of Bertelsmann and in the corporate sector for BMG 's music publishing business ( rights management ) is responsible. The company is headquartered in New York City, was acquired by Universal Music, a subsidiary of Vivendi media group in 2007.
The company was founded in 1987 and has become one of the fastest growing publishers. 2002 Zomba Music Publishing was acquired.
After it already rumors about a sale was in the course of 2006, and in mid-June, the sales process was officially launched, Bertelsmann announced on 6 September 2006 that BMG Music Publishing is selling for € 1.63 billion to Vivendi. The original approval of the merger by the European Commission in September by the European Court of First Instance ( CFI) annulled. After re-examining the EU Commission decided in May 2007 that the Vivendi subsidiary, Universal Music, BMG Music Publishing can accept, subject to conditions. The EU Competition Commissioner Neelie Kroes said that Universal must sell various music catalogs to eliminate competitive disadvantages for customers in the European Economic Area. From these sales also copyright agreements with successful artists, such as the Kaiser Chiefs and Justin Timberlake are affected.
Before selling BMG Music Publishing was the third largest music publisher in the world and employed approximately 550 employees. In charge of the music business BMG division of Bertelsmann BMG Music Publishing accounts for about 17.5 % of sales. BMG Music Publishing held the rights to more than one million music tracks.