BMG buys music publisher Bug Music

Bertelsmann and private equity joint venture acquires rights to songs by artists including Johnny Cash and Kings of LeonBMG Rights Management has bought music publisher Bug Music in a deal reported to be worth more than $300m.BMG, a joint venture between German media giant Bertelsmann and US private equity group Kohlberg Kravis Roberts, beat rival bidders including Pop Idol creator Simon Fuller.Los Angeles-based Bug Music represents the estates of Johnny Cash, Muddy Waters and Woody Guthrie, as ...

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