Oct 5, 2024
Jacaranda Gray (#270122 to #7f7f7f)
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Jacaranda Gray (#270122 to #7f7f7f)
LTHQ via twitter - 27.01
Wembley stadium via Twitter (x) - 27/01/2022
The past year’s boom in music assets shaped Billboard’s biggest list yet of the industry’s leaders — including a tally of its top 25 executives, led by UMG chairman/CEO Sir Lucian Grainge.
Under Masuch, BMG closed out 2021 with the news that it had partnered with the global investment firm KKR to acquire ZZ Top’s music interests, including the band’s publishing catalog and recorded-music royalties, in a deal reported to be valued at $50 million. For the last four years, ZZ Top’s album catalog has averaged close to 300,000 album consumption units a year. This was only the latest in a string of big moves in the past months for BMG: Its label division has signed Duran Duran, Santana, Louis Tomlinson and Bryan Adams. Other major rights acquisitions included deals with The Rolling Stones, Tina Turner and Fleetwood Mac co-founder Mick Fleetwood. In November, the company acquired Mötley Crüe’s entire recorded-music catalog. The gains further solidified BMG’s position as the fourth major music company. “Most of our most significant artist and songwriter signings and acquisitions are the result of existing client recommendations,” says Masuch. “I remain convinced that the biggest single opportunity for BMG is the behavior of our competitors, but the only guarantor of success is if we do better by artists and songwriters than others do. It’s about developing a service ethic, being efficient and committing not to take advantage of your clients,” he adds. “Most of all, it’s about delivering on artists’ and songwriters’ objectives. They are why we are here.”
Billboard names BMG CEO Hartwig Masuch #12 industry leader, naming Louis signing as a big step for BMG.
Louis via instagram story - 27.01
LTHQ retweeted iHeart Radio's tweet - 27.01
iHeart via twitter - 27/01