""Both companies were founded to support great artistry and with a deep sense of responsibility to the performers, songwriters, and playwrights we serve. Our greater scale will allow us to invest more in creative talent while preserving the nimble, entrepreneurial spirit that artists and songwriters value most.""
""The new BMG will be involved in music publishing, recorded music, theatrical rights and digital distribution. Now the sounds of Jason Aldean, Daddy Yankee, Korn, 'Hamilton', Phil Collins, R.E.M. and 'The Sound of Music' will all be represented by the same company.""
BMG and Concord are merging to create the world's fourth-largest music company, valued at $14 billion. The new entity will operate under the BMG name and aims to enhance global reach for artists and songwriters. The merger will encompass music publishing, recorded music, theatrical rights, and digital distribution. The combined company will represent a diverse range of artists, including Jason Aldean and Phil Collins. The merger is positioned to attract both emerging and established acts in a competitive music industry landscape increasingly influenced by technology.
Read at Los Angeles Times
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