Bertelsmann eyes sell-off of music biz

Roxborough, Scott; Szalai, Georg; Kolodny, Lora; Morrisin, Chris
March 2006
Hollywood Reporter -- International Edition;3/28/2006, Vol. 393 Issue 37, p1
The article reports that German media giant Bertelsmann AG is considering selling off its music business assets, including its 50 percent stake in Sony BMG Music Entertainment and its wholly owned unit BMG Music Publishing, sources familiar with the company's plans said Monday. Analysts put the total value of Bertelsmann's music assets at $3.5 billion-$4 billion, with Sony Corp., Vivendi Universal SA's Universal Music Group, the Warner Music Group and private equity firms among the possible bidders.


Related Articles

  • Bye bye Bertelsmann -- now Sony can progress. Williams, Paul // Music Week;8/16/2008, Issue 33, p5 

    The author offers his opinion on the buyout by multinational media conglomerate Sony Corp. of media corporation Bertelsmann AG's fifty percent stake in their joint venture company, Sony BMG Music Entertainment. He states that the companies have clashed since they joined together in 2004 and...

  • End of an era as Sony gains Bertelsmann's music assets. Ashton, Robert // Music Week;8/16/2008, Issue 33, p3 

    The article reports on the sale of nearly all of Bertelsmann AG's music assets to Sony Corp. Bertelsmann Music Group Inc. (BMG) retains a small music catalogue and reports that the sale will allow it to focus on the music rights management business. Also described is the sale of BMG Music...

  • Bertelsmann Sell-Off. Butler, Susan; Brandle, Lars; Christman, Ed; Ferguson, Tom; Garrity, Brian // Billboard;6/3/2006, Vol. 118 Issue 22, p10 

    The article reports on the plan of Bertelsmann to buy Groupe Bruxelles Lambert in order to remain a private company as of June 2006. The company is spinning off BMG Music Publishing but appears to be holding onto its 50 percent stake in Sony BMG Music Entertainment. The company operates offices...

  • The Divide Widens At Sony BMG. Garrity, Brian; Legrand, Emmanuel; Spahr, Wolfgang // Billboard;10/22/2005, Vol. 117 Issue 43, p9 

    This article reports on the conflict between Sony and Bertelsmann over the control of Sony BMG Music Entertainment. Unnamed Bertelsmann executives told The New York Times newspaper on October 10, 2005 that they want to dump Sony CEO Andrew Lack in the joint venture. Competitive unrest on the...

  • THE COMING SPLIT. Brandle, Lars; Spahr, Wolfgang; Christman, Ed // Billboard;7/26/2008, Vol. 120 Issue 30, p8 

    The article reports on the possibility of German media company Bertelsmann selling its 50% stake in Sony BMG Music Entertainment to its joint venture partner Sony Corp. The venture is due to expire in August 2009. Given a poor economic climate and tough credit conditions, Bertelsmann may take a...

  • SONY EYEING A BMG BUYOUT. Schilling, Mark // Daily Variety;7/30/2008, Vol. 300 Issue 18, p34 

    The article reports that Sony is allegedly planning to spend $931 million to purchase Bertelsmann's 50 percent stake in Sony BMG Music Entertainment. Bertelsmann has reportedly asked for as much as $2.5 billion for its stake, but the global credit crisis and the decline in the sales of recorded...

  • UMG on track to acquire BMG unit. Morris, Chris // Hollywood Reporter -- International Edition;9/6/2006, Vol. 395 Issue 50, p3 

    The article reports that Bertelsmann AG's BMG Music Publishing unit will be acquired by Vivendi SA and its Universal Music Group unit on September 6, 2006. Vivendi has proposed purchasing the BMG arm for $2.1 billion. A spokesman for the European Commission said that any pending purchase of...

  • Sony may buy out BMG stake. Meza, Ed // Daily Variety;6/11/2008, Vol. 299 Issue 47, p1 

    The article reports on the plans of German media giant Bertelsmann AG to sell its 50% share of Sony BMG to Sony Corp. Bertelsmann and Sony created Sony BMG in 2004 and agreed to hold onto their shares in the joint venture until 2009. However, according to a German newspaper, sale is likely to...

  • BMG Execs Embracing Thielen's Group Strategy. Spahr, Wolfgang // Billboard;9/7/2002, Vol. 114 Issue 36, p3 

    Reports on the views of executives at the company BMG on the strategy of Bertelsmann AG chief executive officer Gunter Thielen in management as of September 7, 2002. Opinion of BMG chairman Rolf Schmidt-Holtz on Thielen; Information on the relationship of Shcmidt-Holtz and Thielen; Facts on the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics