BMG acquires author Bug Music

Ongoing its aggressive acquisition of posting companies, BMG Rights Management is acquiring L.A.-based Bug Music. Berlin-based firm apparently has EMI, or its posting holdings, within the sights. The Bug deal, regards to which have been not introduced, brings a catalog more than 250,000 copyrights to BMG. Plans include such evergreens as "Fever," "This type of Wonderful World," "I Walk the roadInch and "Beneath the Boardwalk." Bug reps the estates of Johnny Cash, Willie Dixon, Muddy Waters, Woodsy Guthrie, Del Shannon and Stevie Ray Vaughn, additionally to Pete Townshend, Iggy Pop and Ryan Adams. Roots music and Americana really are a particularly strong suit. Founded by Serta Bourgoise in 1975, firm was bought by Spectrum Equity in 2006. It bought the Windswept Music and Trio/Quartet catalogs in 2007. Company has furthermore been associated with joint endeavors with Kara DioGuardi and Jamie Foxx. Throughout the final three years, BMG Rights Management -- a partnership of Bertelsmann AG and investment firm Kohlberg Kravis Roberts -- remains getting upset up entrepreneurs inside a record pace. Purchases have incorporated Chrysalis, Cherry Lane and Evergreen. The business looks like it's within the quest for EMI, which controls a posting catalog of a single.3 million tunes in the market-leading pubbery. Citigroup's auction of EMI has proceeded quietly, plus it remains unknown if BMG Rights Management has purchase just EMI's posting side or perhaps the whole of the label and posting holdings. EMI topper Roger Faxon has advised Citi to promote the business intact. Contact the number newsroom at news@variety.com