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Tuesday, September 1, 2026 · UTC
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BMG and Concord Merger Complete; Bob Valentine Named CEO

BMG and Concord have finalized their merger, appointing Bob Valentine as CEO of the new global music company.

TruthFoundry News Desk
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Stands on 8 placed sources from 2 publishers.
As of 2026-09-01 15:43 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
BMG and Concord confirmed the successful completion of their merger on September 1, 2026, creating a new global music company. [1] Bob Valentine now assumes the role of Chief Executive Officer of the combined company, with Thomas Coesfeld serving as Chairman. [2] BMG and Concord have officially completed their merger and will operate under the BMG name. [3] Affiliates of Great Mountain Partners received a one-time cash payment of USD $1.16 billion from Bertelsmann as part of the transaction. [4] The combined company will operate under the BMG name and be owned approximately 67% by Bertelsmann and approximately 33% by affiliates of Great Mountain Partners. [5] Bertelsmann will own 67% of the new entity, while affiliates of investment firm Great Mountain Partners will own the remaining 33%. [6] Bob Valentine, the former CEO of Concord, has been appointed CEO of the merged company. [7] Thomas Coesfeld, the previous BMG boss, will serve as chairman of the merged entity before being promoted to CEO and chairman of Bertelsmann at the start of 2027. [8]
What this stands on
  1. BMG and Concord confirmed the successful completion of their merger on September 1, 2026, creating a new global music company. · Music Business Worldwide
  2. Bob Valentine now assumes the role of Chief Executive Officer of the combined company, with Thomas Coesfeld serving as Chairman. · Music Business Worldwide
  3. BMG and Concord have officially completed their merger and will operate under the BMG name. · Music Ally
  4. Affiliates of Great Mountain Partners received a one-time cash payment of USD $1.16 billion from Bertelsmann as part of the transaction. · Music Business Worldwide
  5. The combined company will operate under the BMG name and be owned approximately 67% by Bertelsmann and approximately 33% by affiliates of Great Mountain Partners. · Music Business Worldwide
  6. Bertelsmann will own 67% of the new entity, while affiliates of investment firm Great Mountain Partners will own the remaining 33%. · Music Ally
  7. Bob Valentine, the former CEO of Concord, has been appointed CEO of the merged company. · Music Ally
  8. Thomas Coesfeld, the previous BMG boss, will serve as chairman of the merged entity before being promoted to CEO and chairman of Bertelsmann at the start of 2027. · Music Ally
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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