Now we know exactly how much the Bertelsmann-owned company shelled out on the deal.<\/p>\n
According to small print within Bertelsmann’s 2016 annual report, BMG spent \u20ac97m<\/strong> on the preliminary purchase price before adjustments.<\/p>\n Using January’s average currency exchange rates, that comes out at US $103.1m<\/strong>.<\/p>\n What’s more, Bertelsmann’s report also reveals that BMG spend \u20ac123m ($136m<\/strong>) on acquisitions in 2016.<\/p>\n Some \u20ac81m ($90m<\/strong>) of this money was spent in the UK, with \u20ac19m ($21m<\/strong>) spent in the US.<\/p>\n \u201cOur plans for the future are as ambitious as ever. There is a huge hunger from artists and songwriters for a new and fairer music business which delivers them the service they deserve.”<\/p>\n Hartwig Masuch, BMG (Speaking after buying Broken Bow)<\/span><\/p><\/blockquote>\n (The BBRMG deal was additional to this money, coming after BMG\/Bertelsmann’s fiscal close in December.)<\/p>\n BMG’s acquisitions in the 12 months of 2016 included a chunk of BBC Worldwide’s<\/a> publishing catalogue, plus two UK production music houses – Altitude and Beds and Beats<\/a>.<\/p>\n Its other buyouts included Australian indie label and publisher Alberts<\/a> and the assets of New York indie The End Records.<\/a><\/p>\n Explaining the Broken Bow deal to MBW in January – which included the ingestion of 48 Nashville-based staff – BMG boss Hartwig Masuch said: “This is a significant milestone in the development of our recorded music business in the US. At a stroke it gives us a major presence in the Nashville market and one of the most dynamic genres in American music.<\/p>\n \u201cOur plans for the future are as ambitious as ever. There is a huge hunger from artists and songwriters for a new and fairer music business which delivers them the service they deserve.<\/p>\n \u201cWe are here to satisfy that hunger and offer them a real alternative.\u201d<\/p>\n Broken Bow’s roster includes Jason Aldean, Trace Adkins, Dustin Lynch, Randy Houser, Thompson Square and many others.<\/p>\n","protected":false},"excerpt":{"rendered":" Bertelsmann-owned company splashed $136m on acquisitions in 2016<\/p>\n","protected":false},"author":3,"featured_media":30436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[188,2771],"class_list":["post-33454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bmg","tag-broken-bow"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/33454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=33454"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/33454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/30436"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=33454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=33454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=33454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.musicbusinessworldwide.com\/files\/2017\/04\/Screen-Shot-2017-04-17-at-19.10.37-80x53.jpg\")
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