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BMG concludes Virgin and Famous UK songs deal

Paul Williams
BMG concludes Virgin and Famous UK songs deal

BMG has concluded its takeover of the Virgin Music and Famous UK Music songwriting catalogues from Sony/ATV and EMI Music Publishing.

The purchase covers the Virgin UK, Europe and US catalogues as well as Famous's UK interests and includes songs by the likes of Kurt Cobain, including his contribution to Smells Like Teen Spirit, Human League, Culture Club, OMD, Tears For Fears, The Kooks and Terence Trent D'Arby as well as deals and catalogues with more contemporary writers such as Duffy and Mark Ronson.

The acquisition, which followed the Sony/ATV-led consortium having to divest some catalogues for the European Commission to approve its takeover of EMI Music Publishing, was initially announced on December 21 2012. BMG's deal has now been approved itself by the EC and follows approval earlier this month of its takeover of Mute and Sanctuary, which followed Universal being ordered by European regulators to make a series of divestments to get its takeover of EMI's recorded music operation through.

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Tags: universal, BMG, EMI Music Publishing, Sony/ATV

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