“BMG Acquires Rights to Aerosmith, ZZ Top, David Essex in Stage Three Deal”

---

BMG Acquires Rights to Aerosmith, ZZ Top, David Essex in Stage Three Deal Posted: 14 Jul 2010 10:48 PM PDT BMG Rights Management GmbH, the music-rights venture owned by Bertelsmann AG and KKR & Co., agreed to buy independent music publisher Stage Three Music, the companies said in a statement. Stage Three holds the rights to classic songs and writers, including songs performed by Aerosmith, David Essex, ZZ Top and Macy Gray, according to the company's website. BMG said it was acquiring those rights from Stage Three shareholders Apax Partners, Ingenious Ventures and company management. Terms of the deal were not disclosed. Competition is increasing for music publishing catalogs and the income the lyrics and melodies generate from stores, radio and Internet play, ads and movies. Unlike recorded music, publishing is buffered from falling CD sales by its more diverse revenue sources. Owners can earn cash returns of between 7 and more than 20 percent a year, depending on the songs and how they're marketed, investors and dealmakers said. To contact the reporter on this story: Cliff Edwards in San Francisco at cedwards28@bloomberg.net. Five Filters featured article: Headshot - Propaganda, State Religion and the Attack On the Gaza Peace Flotilla. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

You are subscribed to email updates from Content Keyword RSS To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610