Bertelsmann, the German media group, has launched a new music publishing venture with Kohlberg Kravis Roberts to acquire catalogues of songs with about €250m of financing from the US private equity group, the FT reported. The venture will be formed by Bertelsmann spinning out BMG Rights Management, a collection of songs by about 300 artists mostly left over from the sale of the German group’s share of its music joint venture with Sony last year. It owns songs by Kylie Minogue, Nena, Roy Orbison, Mecano and The Beautiful South.

This entry was posted by Stacy-Marie Ishmael on Wednesday, July 8th, 2009 at 4:09 and is filed under Capital markets, Private equity. Tagged with bertelsmann, kkr. Edit this entry.