Bertelsmann Joins Venture for New Music by Established Acts

The German media giant will buy most of the publishing assets of Primary Wave, and they will form a joint venture to release and market new recordings.

    



Media Decoder Blog: Bertelsmann Acquires Full Control of BMG Music Company

Bertelsmann restarted BMG in 2008, and now has bought up the 51 percent stake owned by Kohlberg Kravis Roberts, signaling a full return to the music business.