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Business News Deals Labels & Publishers
BMG buys LA-based production music library
By Chris Cooke | Published on Tuesday 16 September 2014
It’s a Tuesday morning, so that probably means it’s time for another BMG acquisition. And look, the music rights firm has bought LA-based production music outfit Music Beyond. This deal obviously highlights BMG’s desire to grow its film and TV business. Because that’s what the press release says, and the day a press release doesn’t tell the truth, the whole truth and nothing but the truth is the day Robin Thicke moves into PR.
Anyway, quote time, people. Here’s BMG’s SVP Of Operations in the US, Clemens Morgenroth, telling you how transformative this acquisition is: “The acquisition of Music Beyond is transformative for BMG’s production music activities. With its large high-quality and complementary repertoire base and experienced team joining BMG’s existing Selectracks library, Music Beyond will help drive further growth and will join us in our mission to provide the best one-stop licensing and custom music service to our many, valued clients”.
And here’s Music Beyond President Walter Werzowa telling you how this deal brings new incredible possibilities: “This opportunity brings new incredible possibilities to our catalogue and with the strong worldwide presence of BMG, extends the reach of our services internationally”.
