IMAC Ingenious Med

 

TIDMIMAC 
 
RNS Number : 3660P 
Ingenious Media Active Capital Ltd 
15 July 2010 
 

 
 
 
Press Release 
 
 
BMG acquires Stage Three Music 
 
·     Music Rights Joint Venture continues its growth strategy: Third add-on 
acquisition in 2010 
·     Adds rights of hits like "Walk this Way", "Gimme All Your Lovin'", "Baker 
Street","You Get What You Give", "Tubular Bells" to growing BMG portfolio 
 
Berlin / London, July 15, 2010 - BMG Rights Management (BMG) announced today the 
signing of an agreement to acquire Stage Three Music (Stage Three) from its 
shareholders, Apax Partners, Ingenious Ventures L.P. and the Management. 
 
Stage Three is a leading independent, international music publisher founded in 
2003 and run by ex-Virgin and Chrysalis CEO, Steve Lewis. The business is 
headquartered in London, with offices in Los Angeles and Nashville run by Lionel 
Conway, former President of Island Music, Polygram Music Inc. and Maverick Music 
Inc. 
 
Stage Three holds the rights to a variety of contemporary compositions performed 
by Aerosmith, David Essex, Duffy, The Eagles, Eminem, Eric Clapton, Inner City, 
James Morrison, Johnny Hates Jazz, Mike Oldfield, Rascal Flatts, Take That and 
ZZ Top. Music rights include well-known compositions "Walk this Way", "You Get 
What You Give", "Gimme All Your Lovin'", "La Grange", "Baker Street", "Dream 
On", "Good Life", "Sing For The Moment" and 60 country music number one singles. 
The writer roster includes leading Nashville songwriters Brett James and Bobby 
Pinson and superstar writer producers Steve Robson, Bernard Butler and Andrew 
Frampton. Frampton co-wrote the hit song "The Club is Alive" performed by the 
Band JLS, which currently is the N  1 hit in the UK charts. 
 
Stage Three is BMG's third investment of significant size made in 2010 and 
follows the acquisition of Cherry Lane and the Adage IV catalogue in the US. BMG 
is a joint venture between the international media company Bertelsmann and an 
affiliate of Kohlberg Kravis Roberts & Co., a leading global alternative asset 
manager. 
 
"It is tremendously important to us to increase our foothold in the UK - the 
hottest and most competitive music market in the world. Stage Three Music is an 
iconic music publishing business and one we are very pleased to be buying, not 
only because of its elite roster of writers but also due to its pro-active 
approach towards licensing, which perfectly supports our thinking and growth 
strategy", Hartwig Masuch, CEO BMG, said upon signing of the transaction. 
 
Steve Lewis, CEO Stage Three Music added: "It's been a privilege to work with 
such a talented group of colleagues and writers. I'm grateful to our investors 
for their support and very proud of our achievements and the catalogue we've 
assembled over the past seven years. BMG have been very professional purchasers. 
I'm confident the company is in good hands and I look forward to seeing 
continued growth under their ownership". 
 
Ingenious Corporate Finance advised the shareholders of Stage Three on the sale. 
 
About BMG Rights Management 
 
BMG is an international group of music companies focused on the management of 
music rights. BMG covers the entire range of rights administration, development 
and exploitation, placing the needs of songwriters and artists at the core of 
its business model. Since its founding in late 2008, BMG has established a 
presence in eight core music markets and represent the rights of more than 
100,000 songs and recordings. 
BMG Rights Management is a joint venture between the international media company 
Bertelsmann and Kohlberg Kravis Roberts & Co., a leading global alternative 
asset manager. www.bmg.com 
 
About Apax Partners 
 
Apax Partners is one of the world's leading private equity investment groups. It 
operates across the United States, Europe and Asia and has more than 35 years of 
investing experience. Funds under the advice and management of Apax Partners 
globally total over $35 billion. These Funds provide long-term equity financing 
to build and strengthen world-class companies. Apax Partners Funds invest in 
companies across its global sectors of Tech & Telecom, Retail & Consumer, Media, 
Healthcare and Financial & Business Services. www.apax.com. 
 
About Ingenious Ventures 
 
Ingenious Ventures is the private equity division of Ingenious Media Group and 
manager of Ingenious Ventures L.P., which holds Ingenious' interest in Stage 
Three Music. www.ingeniousmedia.co.uk 
 
 
 
 
 
 
 
Contact: 
 
Dalia Das 
Vice President 
Group Communications & Business Development 
BMG RIGHTS MANAGEMENT GmbH 
Anna-Louisa-Karsch-Strasse 2 
10178 Berlin 
Tel. +49 30-300 133 344 
dalia.das@bmg.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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