Business & Finance
BMG and Concord Finalize Merger to Form Expanded Music Operations
The combined company will operate under the BMG name with over 4 million works and an estimated $2 billion in annual revenue.
The short version
- BMG and Concord completed their merger on Sept. 1 after securing regulatory approval.
- The combined entity will retain the BMG name, with Bob Valentine serving as CEO and Thomas Coesfeld as chairman.
- Bertelsmann holds a 67% majority stake in the company, while affiliates of Great Mountain Partners control the remaining 33%.
- The merged operation controls over 4 million works and holds an estimated 2.66% share of the U.S. market based on 2025 data.
Key facts
- BMG and Concord finished their merger following full regulatory approval, operating under the BMG name.[Billboard]
- Bertelsmann owns a 67% majority share of the combined company, and Great Mountain Partners affiliates own 33%.[Billboard]
- Bob Valentine assumes the role of CEO, while Thomas Coesfeld serves as chairman.[Billboard]
- The combined catalog contains more than 4 million works, generating an estimated $2 billion in yearly revenue.[Billboard]
- Based on 2025 figures, the joint company commands approximately 2.66% of the U.S. music market share.[Billboard]
Sources
- BMG and Concord Complete MergerBillboard