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BMG buys Chrysalis

By | Published on Friday 26 November 2010

The very acquisitive BMG Rights Management has bought Chrysalis, it has been confirmed. The German music rights company had been tipped as a favourite bidder ever since the London-based publisher admitted it was accepting takeover offers earlier this month.

Says BMG tip top man Hartwig Masuch: “The acquisition of Chrysalis represents an important step forward in our strategy as we build a major, global music rights business. Chrysalis’ extensive and high quality catalogue represents an excellent fit with our existing business”.

Says Chrysalis co-founder and chairman Chris Wright: “Our continued progress – evolving from management, recorded music, television and radio to focus on music publishing – has been clearly recognised by BMG. As 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”.