BMG Rights is close to winning a bidding war for Sony/ATV’s Rosetta music publishing collection, The Post has learned.
BMG, the music publishing giant owned by private-equity firm KKR and German media conglomerate Bertelsmann, has offered about $90 million for the rights to 30,000 songs from ’80s artists such as Bryan Ferry, Tears for Fears and Culture Club.
While the deal hasn’t been finalized, several sources said BMG won.
Sony/ATV, a joint venture between Sony and the Michael Jackson estate, agreed to divest assets in order for a Sony-led group to gain regulatory approval for its acquisition of EMI’s publishing assets.
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Source: NYPost / MJ-Upbeat.com
Michael Jackson is undoubtedly the king. Anytime i listen his records i feel like he is still alive. For sure one of the most significant music celebrities ever been born!