BMG’s Thomas Coesfeld Talks First 100 Days as CEO: ‘We’re In It for the Long Run’
The relative newcomer to the music business now runs the industry’s fourth-largest company.
The relative newcomer to the music business now runs the industry’s fourth-largest company.
UMG Commercial Services will handle BMG’s vinyl and CD distribution starting in April 2024 as the companies explore “joining forces” in other areas.
BMG acquires the reunited band’s recordings catalog.
Publishing accounted for 62% of BMG’s overall take, driven by classic hits and songs by new artists like Lewis Capaldi.
The deal includes Simon’s royalty income and neighboring rights income to the full recorded Simon & Garfunkel catalog, including songs like “The Sound of Silence” and “Mrs. Robinson.”
The National Music Publishers’ Association has elected a new board, including newcomers Laura Veltz and Jeff Pachman.
Also this week: ADA Worldwide signs a distribution pact with Rostrum Records, Warner Music partners with kids’ audio platform Yoto and more.
Hartwig Masuch decides to move up his retirement date, with Thomas Coesfeld assuming the top job in July instead of January.
BMG acquired the artist royalties for albums released on Planet and RCA and the group’s recaptured U.S. publishing rights to “I’m So Excited.”
Also this week: UMe taps a vp of media and artist relations, Epic Records UK relaunches and more.
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