BMG Rights Management to Acquire Two U.S. Companies Before Years End, CEO Says

BMG Rights Management Chief Executive Officer Hartwig Masuch has announced that the Bertelsmann AG and KKR backed publishing venture will acquire two more U.S. companies before the end of the year.  Each purchase will be in the range of 50 million to 80 million Euros and the first acquisition is expected to be complete within 6 weeks, the CEO revealed in London on Wednesday night. Most recently the company bought UK publisher Stage Three Music and before that the U.S. publishing company Cherry Lane Music… With the purchase size indicated by Masuch, the names of a few likely U.S. pubcos are being thrown around as seriously in play. Stay tuned…