<\/p>\n
\n\tBMG<\/a> and Concord<\/a> are merging, the two companies announced on Tuesday, in a major move that combines the music business\u2019s two largest independent music companies and creates a new entity closer in scale to the major three record labels. <\/p>\n \n\tFinancial details of the agreement weren\u2019t disclosed, though Bloomberg previously reported the deal could be worth as much as $7 billion. BMG\u2019s parent company, the German media giant Bertelsmann, will own 67 percent of the company while Green Mountain Partners will own 33 percent. The deal\u2019s closure is subject to regulatory approval. <\/p>\n \n\tThe new company will operate under the BMG name. BMG\u2019s current CEO Thomas Coesfeld, who is set to become the CEO of BMG parent company Bertelsmann, will become BMG\u2019s chairman, while Concord CEO Bob Valentine will be BMG CEO. The new company\u2019s publishing division will be called BMG publishing, while the recorded music division will be known as Concord Records. <\/p>\n \n\tThe music industry\u2019s biggest stakeholders are the \u201cbig three\u201d major music companies: Universal Music Group, Sony Music Group and Warner Music Group. While a combined BMG and Concord isn\u2019t quite as large as those three companies, the new company\u2019s combined scale gives it the ability to compete with the majors enough that it could arguably be considered a fourth major. Regardless, BMG is now unquestionably the largest independent music company in the business.<\/p>\n \n\t\u201cWe believe this is a truly one-of-a-kind opportunity to bring together two world-class teams and rosters at the right moment, as scale in rights ownership becomes increasingly critical to long-term growth,\u201d Coesfeld said in a statement. Coesfeld added that the combined company \u201cwill further deepen our position as a preferred global partner to artists, songwriters, and platforms, combining scale with the agility and independence they value.\u201d<\/p>\n \n\tAmong the artists the combined BMG and Concord represent include Jelly Roll, Lainey Wilson, Paul Simon, Phil Collins, Daft Punk.<\/p>\n \n\tAs Valentine said: \u201cOur greater scale will allow us to invest more in creative talent, global reach, accretive acquisition opportunities, and technology, while preserving the nimble, entrepreneurial spirit that artists and songwriters value most. This is not about replicating the major label model; it\u2019s about using scale to strengthen independence. Together, we will build a company that gives artists more reach and more flexibility \u2013 all designed to support their distinct visions.\u201d<\/p>\n<\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.hollywoodreporter.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" BMG and Concord are merging, the two companies announced on Tuesday, in a major move that combines the music business\u2019s two largest independent music companies and creates a new entity closer in scale to the major three record labels. Financial details of the agreement weren\u2019t disclosed, though Bloomberg previously reported the deal could be worth […]<\/p>\n","protected":false},"author":2,"featured_media":2392980,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25179],"tags":[363201,454326],"class_list":["post-2392979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-music","tag-bmg","tag-concord"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/04\/BMG-and-Concord-Will-Merge-To-Create-New-Music-Giant.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2392979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2392979"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2392979\/revisions"}],"predecessor-version":[{"id":2392981,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2392979\/revisions\/2392981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2392980"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2392979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2392979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2392979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}