BMG Entertainment has announced the purchase of Network Music, a company that boasts one of the largest independent production music libraries.
BMG Entertainment has announced the purchase of San Diego-based Network Music, a company that boasts one of the largest independent production music, from ABRY Partners, LLC. The announcement was made jointly by Nicholas Firth, President, BMG Music Publishing Worldwide, and Gary Newman, Executive Vice President, BMG Special Products.
Network Music will remain a separate operating unit within BMG, with independent production, sales, marketing, warehouse and distribution units. The company’s senior management team will also remain in place, with Robert Skomer, CEO, Network Music reporting directly to Firth and Newman.
Nicholas Firth, president of BMG Music said, “Since 1992, we have steadily built our production music division, one of the fastest growing sectors of the music publishing business. The addition of Network Music to our already dynamic library strengthens our position as one of the premier production> music library groups in the world.”
BMG is counting on Network’s Private Label CD division, which specializes in providing music compilations for small to medium sized promotional programs, will enhance the company’s offering in that market. Gary Newman, EVP of BMG Special Products said, “We are always looking for smart ways to increase our business and improve our ability to service the many needs of our customers. The addition of Network’s Private Label CD division will provide us the ability to offer new and existing customers a full range of products and services regardless of order size. No other company in our industry can make that claim.”