In one of the biggest music mergers in more than a decade, BMG, which represents artists like Jelly Roll and Lainey Wilson, and Concord, owner of songs by Creedence Clearwater Revival, Phil Collins and R.E.M., said on Tuesday (April 28) they reached a definitive agreement to merge companies under the BMG name. The combined company will be 67% owned by German media conglomerate Bertelsmann, BMG’s parent company, and 33% owned by affiliates of Great Mountain Partners.
Source: BMG Parent Co. Bertelsmann to Buy Concord in Major Indie Music Merger