All change as BMG exits live business
The German-headquartered record label and music publisher has announced it is selling its stakes in its two live companies
News By James Hanley | 4 January 2024
BMG is stepping away from the live music business after agreeing a deal which will see its two live companies, Undercover and Karo, transferred back to the minority shareholders.
The German-headquartered music giant acquired a majority stake in Brunswick-based promoter/event production firm Undercover in October 2020, enabling it to “offer artists an integrated tour promotion and ticketing service” on an opt-in basis, in addition to “releasing recordings and publishing songs”.
BMG and Undercover subsequently formed a strategic alliance with Karo…
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