Vivendi to buy BMG, settles Napster claims

Filed under: — By Aviran Mordo @ 10:32 am

Vivendi’s Universal Music, the world’s largest seller of recorded music, is vaulting to the top spot in music publishing, too, after agreeing to buy BMG Music Publishing for 1.63 billion euros ($2.1 billion).

German media conglomerate Bertelsmann AG, BMG Music Publishing’s parent company, also said on Wednesday it would pay Vivendi $60 million to settle litigation related to financing it once provided to file-sharing service

Source: Yahoo


Leave a Reply

You must have Javascript enabled in order to submit comments.

All fields are optional (except comment).
Some comments may be held for moderation (depends on spam filter) and not show up immediately.
Links will automatically get rel="nofollow" attribute to deter spammers.

Powered by WordPress