BMG Buys Bug Music for $300m
Date: Wednesday, September 14, 2011 @ 00:45:18 UTC

BMG Rights Management has put itself in a stronger position in the race for EMI by acquiring Bug Music, which owns or manages copyrights to songs including "What a Wonderful World" and "Summer in the City", industry members have argued. The $300m-plus acquisition of Bug is expected to give BMG the scale to extract more cost savings from the larger auction of EMI. Complete Article

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