What does this have to do with broadcasting? People in radio think they have something to do with music. They don't. Two independent record labels are merging. Concord owns the rights to the Creedence Clearwater Revival catalog among others. BMG owns Broken Bow, the label that has Jelly Roll, Lainie Wilson, Blake Shelton, and Jason Aldean. Now they're the same company.
What isn't being said out loud is this is another company built around American music that is being bought by a foreign conglomerate. BMG is Bertlesmann, the German media company. They will be the majority owner. They actually bought RCA Records from GE in 1988, but ended up selling it to Sony in the early 2000s.
So more American culture that is now owned and controlled by foreigners. More foreign companies that want to tell American media what to do, and force American media and American citizens to pay them for American music. We're only as rich as our culture makes us feel. At one time, we were the center of culture. In a way, we still create a lot of it, but it's owned by foreigners.
variety.com
www.bertelsmann.com
One postscript: Foreign record labels want American AM & FM radio stations to pay them a royalty. Currently, they don't. Broadcasters only pay songwriters & publishers. The foreign record labels want to change that. This puts more music in the hands of the people who want radio to pay more money. That's what this has to do with broadcasting.
What isn't being said out loud is this is another company built around American music that is being bought by a foreign conglomerate. BMG is Bertlesmann, the German media company. They will be the majority owner. They actually bought RCA Records from GE in 1988, but ended up selling it to Sony in the early 2000s.
So more American culture that is now owned and controlled by foreigners. More foreign companies that want to tell American media what to do, and force American media and American citizens to pay them for American music. We're only as rich as our culture makes us feel. At one time, we were the center of culture. In a way, we still create a lot of it, but it's owned by foreigners.
BMG and Concord to Merge, Creating the World’s Fourth Major Music Company
As expected , BMG and Concord have officially announced 'a definitive agreement to combine their businesses,' creating the fourth major music company.
variety.com
Bertelsmann and Great Mountain Partners Plan to Combine BMG and Concord
Will create the leading, most diversified independent music company with pro forma annual revenue of 2.2bn USDCombined company to operate under the name BMGRepresents significant milestone in Bertelsmann’s Boost+ strategySubstantially strengthens Bertelsmann’s media and US businessesThomas...
One postscript: Foreign record labels want American AM & FM radio stations to pay them a royalty. Currently, they don't. Broadcasters only pay songwriters & publishers. The foreign record labels want to change that. This puts more music in the hands of the people who want radio to pay more money. That's what this has to do with broadcasting.