BMG Creative Deal Produces Early Returns

The exclusive multiyear reciprocal deal between ole and BMG Rights Management GMBH is showing signs of bearing fruit, as both companies generate creative opportunities for each others' copyrights in their respective territories.

"Both ole and BMG are focused on a service-oriented relationship, and we are already feeling the positive impact of this new synergy," notes ole Chief Creative Officer, Gilles Godard.

The synergies between the two companies are extensive. Both are committed to being top-tier global, full-service music publishers with a strong focus on creative development and strategic acquisitions.

ole Chairman and CEO, Robert Ott, says of the reciprocal service arrangement: "ole recently reached the threshold of becoming a medium-sized player in global music publishing. Our ascent to the next quantum will be founded on partnership-oriented thinking. With a very experienced executive and team, BMG has shown that its collaborative and artist-oriented approach is a success, and we look forward to a fruitful relationship. We wanted to work with a company that had a similar focus on service and adding value creatively and have found both in BMG."

BMG Rights Management CEO, Hartwig Masuch, says, "Having known Robert and his team for a long time, I believe this is a perfect match and will deliver convincing opportunities for ole's and our writers."