UMG Commercial Services will handle BMG's vinyl and CD distribution starting in April 2024 as the companies explore "joining forces" in other areas.
BMG acquires the reunited band’s recordings catalog.
Publishing accounted for 62% of BMG's overall take, driven by classic hits and songs by new artists like Lewis Capaldi.
Also this week: The Orchard picks an svp of artist services, Space Colonel suits up, and meet the new communicators at Partisan, Rhino and NAMM.
The deal includes Simon's royalty income and neighboring rights income to the full recorded Simon & Garfunkel catalog, including songs like "The Sound of Silence" and "Mrs. Robinson."
The National Music Publishers' Association has elected a new board, including newcomers Laura Veltz and Jeff Pachman.
Also this week: ADA Worldwide signs a distribution pact with Rostrum Records, Warner Music partners with kids' audio platform Yoto and more.
BMG will support six releases through Martin's Sounds of Crenshaw label, with the first coming this summer.
Hartwig Masuch decides to move up his retirement date, with Thomas Coesfeld assuming the top job in July instead of January.
BMG acquired the artist royalties for albums released on Planet and RCA and the group’s recaptured U.S. publishing rights to "I'm So Excited."
