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Bertelsmann, KKR Form Music Rights Joint Venture

Authored by Mark Hefflinger on July 8, 2009 - 8:00am.
Gutersloh, Germany - German media conglomerate Bertelsmann announced on Wednesday that it has partnered with asset management firm KKR on a new joint venture, which will provide artists and labels with licensing and administration of music rights. Under the deal, Bertelsmann will own 49% of the venture and KKR will own 51%.
tags: Deals | Music | Bertelsmann | Copyright | Investments | KKR | BMG Rights Management |