{"id":409,"date":"2010-11-26T19:34:14","date_gmt":"2010-11-26T19:34:14","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2010\/11\/26\/bmg-buys-chrysalis\/"},"modified":"2010-11-26T19:34:14","modified_gmt":"2010-11-26T19:34:14","slug":"bmg-buys-chrysalis","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2010\/11\/26\/bmg-buys-chrysalis\/","title":{"rendered":"BMG buys Chrysalis"},"content":{"rendered":"<div class=\"standfirst\">\n<p><img decoding=\"async\" src=\"http:\/\/www.musicweek.com\/Pictures\/web\/l\/p\/p\/BMG.jpg\" border=\"0\" \/><br \/>BMG Rights Management has bought Chrysalis, one of Britain&#8217;s biggest independent publishers, for \u00a3107.4m.<\/p>\n<\/p><\/div>\n<p>Chrysalis announced in October it was again in sales talks with an unnamed party, with BMG, Bug Music and Imagem thought to be the frontrunners.<\/p>\n<p>The BMG deal went through today. In a joint statement, the two parties say the acquisition is an important step in BMG\u2019s growth strategy.<\/p>\n<p>  <!--more-->  <\/p>\n<p>\u00a0<\/p>\n<p>BMG CEO Hartwig Masuch adds, \u201cThe acquisition of Chrysalis represents an important step forward in our strategy as we build a major, global music rights business. Chrysalis\u2019 extensive and high quality catalogue represents an excellent fit with our existing business.<\/p>\n<p>\u00a0<\/p>\n<p>\u201cOur strategy is to provide state-of-the-art, comprehensive and transparent management of music rights and the operational excellence of Chrysalis reinforces this commitment.\u201d<\/p>\n<p>Meanwhile, Chrysalis chairman and co-founder Chris Wright says the deal marks the end of an era for Chrysalis, which he founded with Terry Ellis more than four decades ago.<\/p>\n<p>\u201cOur continued progress \u2013 evolving from management, recorded music, television and radio to focus on music publishing \u2013 has been clearly recognised by BMG,\u201d he explains. \u201cAs we embark together on the next chapter of the Chrysalis story, I am proud of both our track record and our future prospects in an industry in which we have both innovated and pioneered.\u201d<\/p>\n<p>Source: Music Week<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BMG Rights Management has bought Chrysalis, one of Britain&#8217;s biggest independent publishers, for \u00a3107.4m. Chrysalis&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-409","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=409"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/409\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}