The Euro media giant, which controls RTL Group, BMG, Penguin Random House and Fremantle, is investing billions in acquisitions to boost its production and streaming businesses.
BMG, which acquired the German music label Telamo last year, continues to gobble up music rights, in 2022 picking up the back catalogs of Scottish rockers Simple Minds and French electronic music pioneer Jean-Michel Jarre, as well as re-upping contracts with such artists as Rita Ora, Elvis Costello and Julian Lennon.
Bertelsmann has been less successful in its efforts to bulk up its broadcast operations in France, where a proposed merger between RTL-controlled M6 and leading French commercial broadcaster TF1 was called out because of regulatory concerns, and the Netherlands, where anti-trust authorities told RTL earlier this year it would not approve its planned fusion of RTL Nederland with the Dutch Talpa Network.
Rabe, however, is sticking to his game plan, noting Thursday that the group invested $1.73 billion in its so-called “Boost” investment strategy and that Bertelsmann will plow a further “five to seven billion euros [$5.4 billion – $7.6 billion]” into strategic investments through 2026.growing and are highly profitable,” he said.
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