BMG has concluded a deal with record executive Hugh Goldsmith to develop a new breed of music company incorporating recording, publishing, management and consultancy activities.
The as-yet-unnamed company is a 50/50 joint venture between BMG and Goldsmith, who stepped down from his role as managing director of EMI-owned Innocent Records at the end of 2003.
"This feels good," says Goldsmith. "BMG have shown with their new artist contracts that they want to do things differently and be forward looking. The ...