BMG and Concord merger complete; Bob Valentine named CEO of combined company

# What happened BMG and Concord have completed their merger. The transaction received all required regulatory approvals and the combined company will operate under the BMG name. The companies announced leadership, headquarters, ownership split, and medium-term financial targets at close.

# Ownership and deal mechanics

# Leadership and governance

Executive Management Team (designate titles) includes:

• Bob Valentine, Chief Executive Officer
• Björn Bauer, Chief Financial Officer
• Sebastian Hentzschel, Chief Operating Officer
• Victor Zaraya, Chief Revenue Officer
• Amanda Molter, General Counsel
• Kent Hoskins, Chief Transformation Officer

An 18-member Strategic Leadership Council has been established to broaden leadership input across the combined business. The council includes the six executive team members plus 12 additional senior leaders with operational and creative responsibilities, covering areas such as global recorded operations, catalog recordings, publishing, marketing, theatrical, catalog and frontline recordings, corporate development, HR, and communications.

# Headquarters and global footprint Global headquarters will be in Nashville. Berlin will serve as the company's European headquarters. The combined group presents itself as a global music company with reach across recorded music, publishing, theatrical, and other rights and services.

# Scale and assets The merged company holds a catalog of more than four million works and combines the rosters, catalogs, and teams of both pre-merger businesses. Management frames the combined scale as enabling greater investment in creators and music rights.

# Financial outlook and near-term figures

# Management priorities highlighted by leadership Leadership statements emphasize supporting artists and songwriters over the long term, combining entrepreneurial cultures, and investing in creators and music rights. The company also cites interest in technology-driven opportunities as part of unlocking new creator revenue, while committing to maintain service for existing creative partners.

# What this means for stakeholders Creators: larger combined scale and committed capital could offer expanded investment and services. Investors/owners: an explicit midterm revenue and EBITDA target signals the new company's financial ambition. Employees: a consolidated executive structure and a Strategic Leadership Council indicate an integrated operating plan across recorded, publishing, theatrical, and catalog operations.

# Bottom line The merger creates a single, larger music company under the BMG name with defined ownership stakes, a confirmed leadership team, centralized HQ in Nashville, and public midterm financial targets. The combined catalog and organizational structure position the firm to pursue growth across rights, recorded music, publishing and related businesses.