Rita Ora's label and Concord to merge, creating the fourth major music company

[TaylorSwift 162,442]

BMG and Concord have officially announced “a definitive agreement to combine their businesses,” creating what is basically the fourth major music company, although they’re terming it “the leading independent music company in the world.”

The deal, which sources place between $6.6 billion and $7 billion, would form a company that is considerably smaller than the two dominant major music groups, Universal and Sony — but not far from the third, Warner, at least by some metrics. Terms of the deal were not disclosed.

The combined company will operate under the BMG name and will span music publishing, recorded music, theatrical rights, and digital distribution.

 

[dynamite 66,626]

I thought this meant the airliner 

Rita Aira 

[River 127,427]