Bertelsmann AG agrees to sell BMG music
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German media company Bertelsmann AG has signed a "definitive agreement" to sell BMG Music Publishing Group to Vivendi for $2.09 billion, the companies announced Wednesday.
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EMI has confirmed significant success with the company's move to sell DRM-free tracks through iTunes.
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Company hopes the $160 million purchase will make it a major player in the music market.
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Another major label strips digital rights management restrictions from its songs to partner with the world's biggest e-tailer.
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TOKYO -- Sony BMG will start selling music downloads in the copy-protection-free MP3 format later this month in North America, as even the last holdout among the major record labels crumbled to the growing trend.
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Music industry giants have agreed on a deal that aims to boost developement of new music distribution methods in the US and Canada.
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Bertelsmann AG has agreed to pay &#36;50,000 to settle a copyright infringement lawsuit brought by a music publisher over the German media conglomerate's one-time role as investor in the now-defunct Napster Inc. file-sharing service.
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KarstadtQuelle AG, Germany&#39;s biggest department-store operator, agreed to sell its share of a venture to Starbucks Corp. and said it plans to issue at least 125 million euros ($163 million) in convertible bonds to fund an overhaul.
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Universal Music, the world's number one seller of recorded music, has said it was set to become the world's top music publisher thanks to a 1.63-billion-euro (2.0-billion-dollar) deal to buy Bertelsmann's BMG Music Publishing unit.
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Bertelsmann AG plans to retain ownership  of Sony BMG after determining it can afford to pay 4.5 billion  euros (&#36;5.8 billion) to buy back a stake in the German media  conglomerate without selling its half of the world&#039;s second  biggest music company.
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By DAVID RISING  BERLIN - German media company Bertelsmann AG has signed a "definitive agreement" to sell BMG Music Publishing Group to Vivendi for $2.09 billion, the companies announced Wednesday.
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Vivendi said Wednesday its Universal Music arm had agreed to buy BMG Music Publishing in a $2.1 billion USD deal. In return, BMG parent Bertelsmann AG has agreed to pay $60 million to settle litigation surrounding its support of Napster.
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By From news reports  Vivendi's Universal Music Group unit said Wednesday that it would acquire BMG Music Publishing from Bertelsmann for about $2.1 billion, making Universal the world's largest music publisher, with a catalog that includes performers of the standing of Elton John and B.B.
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German media conglomerate Bertlesman AG has settled yet another lawsuit surrounding its involvement in the original Napster, which brought music sharing into the mainstream. The National Music Publishers' Association alleged that Bertlesman encouraged copyright infringement.
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Japanese electronics giant Sony  and Germany's Bertelsmann  have appealed against an annulment of their joint venture that created the world's No.2 music company, Europe's top court said on Thursday.
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Research and Markets (http://www.researchandmarkets.com/reports/c47102)  has announced the addition of Bertelsmann AG: Company Analysis to their  offering.  This report starts with an overview of Bertelsmann, which occupies a  leading position in the media and entertainment industry.
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LONDON - Warner Music Group Corp., Viacom Inc. and Universal Music Group are among those to have bid for BMG Music Publishing, people familiar with the situation told Dow Jones Newswires on Friday.  German media giant Bertelsmann A.G.