BMG Rights is close to a deal for Sony/ATV’s Rosetta music publishing catalog, several sources told The Post.
One executive said the music publishing firm had offered around $90 million for the rights to some 30,000 songs.
Rosetta is packed with ’80s hits from acts such as Tears for Fears, Culture Club and Devo, along with British songstress Duffy’s “Mercy.”
Sony/ATV, a joint venture of Sony Music and the estate of Michael Jackson, agreed to sell the catalog to win European Union approval for its $2.2 billion purchase of EMI’s publishing arm.
BMG Rights is backed by German media giant Bertelsmann and private-equity firm KKR.
AP
Duffy
Other bidders for the catalog included Warner Music Group and G2 Investment Group, as well as Saban Capital, Canada’s Ole and Paris indie Because Music.
A spokesman for Sony ATV couldn’t be reached.
catkinson@nypost.com
BMG nears $90M deal for Sony/ATV song catalog
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BMG nears $90M deal for Sony/ATV song catalog
