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Composers To Benefit Through New Music Publishing Accord Between BBC And BMG Music Publishing
Following a careful assessment of potential publishing partners and a closed bidding process, BMG Music Publishing has acquired BBC Worldwide’s existing music publishing interests, which include music from productions such as the Teletubbies, The Tweenies, BBC News 24, Walking with Dinosaurs, and The Planets. BMG has acted as BBC Worldwide’s music publishing administrator since 1996, and while the relationship between the companies has changed, composers' interests remain unaffected. The catalogue sale creates maximum value from the portfolio of copyrights for the BBC, as BBC Worldwide's profits will be re-invested into the corporation. For BMG Music Publishing, the acquisition of BBC Worldwide’s catalogue will increase its strong position in the film/TV industry by adding music to its catalogue from some of the U.K.’s top programmes, which have worldwide distribution. BMG represents the music catalogues of major film/TV companies i2i/RTL, Fremantle, Tiger Aspect, Wall To Wall, IMA Films, DIC Entertainment, Lion’s Gate/Tristar Pictures, Aardman Animation (Wallace & Gromit, Chicken Run), Transworld International, September Films, Brighter Pictures and Famous Music (the catalogue of Paramount Pictures) as well as such renowned film/TV composers as Ennio Morricone (A Fistful of Dollars), Yann Tiersen (Goodbye Lenin!, Amélie Poulain) and Alberto Iglesias (Talk To Her). BMG Music Publishing also has a long-term agreement with the U.K.’s Thin Man Films, through which it published the score to the three-time BAFTA winner and Oscar nominee Vera Drake. BBC Worldwide will continue to acquire music copyrights and build a new music catalogue. BMG will continue to support BBC Worldwide’s Music Publishing operations and administer BBC Worldwide's new catalogue going forward. Under this new framework, BBC Worldwide is looking to develop a number of new music publishing initiatives that seek to maximise the potential of broadcast opportunities, which will be announced in due course. BBC Worldwide's Jason Blain, Director of Global Business Development & Music, said: "This new arrangement brings benefits to all involved. We have fulfilled our core purpose of creating profit from our assets for the BBC, while securing composers' ongoing interests through the arrangement with BMG Music Publishing. In addition, under the new arrangement, the music publishing team at BBC Worldwide is now focused on working with composers and broadcast partners on developing new publishing opportunities, expected to create significant value to all concerned." BMG Music Publishing's Nicholas Firth, Chairman and CEO, said: "We're very excited about this deal and are delighted to deepen our relationship with BBC Worldwide, which further broadens our music publishing interests in the film/TV field. BMG Music Publishing will continue to provide the necessary infrastructure to effectively and proactively represent the composers and artists whose work makes up BBC Worldwide's music publishing portfolio." About BBC Worldwide BBC Worldwide Limited is the main commercial arm and a wholly owned subsidiary of the British Broadcasting Corporation (BBC). The company exists to maximise the value of the BBC’s assets for the benefit of the licence payer and invest in public service programming in return for rights. In 2004/05 BBC Worldwide returned £145 million to the BBC from its six business operations: TV Channels, TV Sales, BBC Magazines, Home Entertainment, Children's and New Media. About BMG Music Publishing The world’s largest independent music publisher and one of the top three multinational music publishing groups, BMG Music Publishing (www.bmgmusicsearch.com) has wholly-owned offices in 31 countries around the world. With over one million copyrights in its diverse catalogue, BMG Music Publishing represents music in every genre from some of the world’s hottest songwriters including Coldplay, Robbie Williams, Keane, Justin Timberlake, Maroon5, Nelly, Joss Stone, Annie Lennox, Limp Bizkit, R. Kelly, Linkin Park, Christina Aguilera, Britney Spears and Korn. BMG Music Publishing is a unit of BMG, the global music division of Bertelsmann AG, one of the world's leading media companies.
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