Variety
·entertainment
·3 hours ago
BMG and Concord to Merge, Creating the World’s Fourth Major Music Company
BMG and Concord announced a definitive agreement to merge, creating the world's fourth major music company on Tuesday. The deal, valued between $6.6 billion and $7 billion, will see Concord CEO Bob Valentine take the lead as CEO, while BMG will maintain operational control. The combined entity aims to significantly enhance its competitive position in the music industry.
Summary by Glance · Variety
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