BMG buys Broken Bow
Monday, January 30, 2017
– German-based BMG bought Broken Bow Records, one of the most successful independent labels, it was announce today.
BMG formally purchased BBR Music Group, including its associated labels Broken Bow Records, Stoney Creek Records, Wheelhouse Records, Red Bow Records and its music publishing company Magic Mustang Music.
Artists on the labels include Jason Aldean, Trace Adkins, Dustin Lynch, Randy Houser and Thompson Square.
BBR Music Group is BMG's biggest single acquisition in the recordings business since its launch in 2008 as the first new international music company of the streaming age. BBRMG will continue to operate from its Nashville headquarters and its 48 staff will transfer to BMG. It will sit alongside BMG's recording operations in Los Angeles, which has released U.S. Number One albums by Janet Jackson (2015) and Blink-182's "California" (2016).
BMG CEO Hartwig Masuch said, "BBR Music Group is a phenomenally successful operation whose philosophy and commitment to its artists fit perfectly with the new BMG. I have a huge respect for what Benny and his team have achieved. The combination of BBR Music Group and BMG gives artists and songwriters in Nashville and beyond a new route to the worldwide market. We will be the alternative so many artists are looking for."
BBRMG founder Benny Brown and CFO Paul Brown will remain as consultants to the business.
Brown said, "Since 2001, I've been approached many times by various major labels wanting to purchase us. The most important thing to me has always been my artists, my employees and my songwriters. They have always been my family and after meeting with Hartwig and Zach, I knew that I'd found the right partners to ensure my family stayed together and to also continue the BBR Music Group legacy. We were one of the very first indie labels to ever break through in Country music. Because of that we created a different culture within our walls that's pretty simple - happy people are productive people. That's always been important to me and that's also the way Hartwig and Zach run BMG. I knew they shared my vision and my passion and that's what made this the right fit."
BMG U.S. President Zach Katz said: "I want to pay tribute to what Benny and his team have created. It is truly exemplary. Nashville and its culture are such an integral part of the music industry that it was always only a matter of time before we expanded our presence. Never did we imagine that we would be able to do so with such an extraordinary roster of artists and team members. I am confident that together BMG and BBR Music Group will offer an unbeatable combination for artists and songwriters."
BMG returns to Nashville after an eight-year absence. The first incarnation of BMG acquired RCA Records, including its Nashville operation in 1986, enjoying success with Clint Black, Brooks & Dunn, Kenny Chesney, Alan Jackson, Martina McBride and Carrie Underwood and numerous others. RCA became part of the Sony-BMG joint venture in 2004, before parent company Bertelsmann sold its stake in the joint venture in 2008 to launch the new BMG with an artist-friendly business model which brings music publishing and recordings together under one roof.
Broken Bow includes Aldean, Lynch, Jordan Rager and Jackie Lee. Stoney Creek Records has Thompson Square, Houser, Parmalee, Lindsay Ell and Adam Craig. Red Bow is home to Joe Nichols, Craig Campbell, Chase Bryant and Brooke Eden. Wheelhouse Records' roster is Trace Adkins, Granger Smith, Kristian Bush, Runaway June and Walker McGuire. Magic Mustang Music has achieved six number one singles and was named SESAC's "Publisher of the Year" for three consecutive years, becoming the only independent music publisher to ever achieve this feat.
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