BMG ACQUIRES CHRYSALIS: In a deal long-rumored and now fact, BMG Rights Management add to their string of music publishing acquisitions by purchasing Chrysalis in a deal valued at $168 million. Chrysalis’ catalog of 100k titles includes songs by Blondie, David Bowie and Michael Jackson. BMG had earlier this year snapped up publishers Evergreen, Stage 3 and Cherry Lane. The company offered Chrysalis a 46% premium from the company’s price on Oct. 29. The deal will make BMG the world’s fourth-largest music publisher in global marketshare. BMG will continue to use the Chrysalis name for three years, with co-founder Chris Wright joining its supervisory board as a non-executive British chairman. (11/27p)
MUSIC REVENUE TOPPED $17B IN 2023: RIAA
Streaming subscriptions lead the charge. (3/27a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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