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Bertelsmann's BMG Enters $150M Music Rights Joint Venture

By Stewart Bishop (September 3, 2013, 5:05 PM EDT) -- German media giant Bertelsmann SE & Co. KGaA on Tuesday said its BMG Rights Management unit has entered into a $150 million joint venture with independent music company Primary Wave Music, which has BMG gaining rights to hits from artists like John Lennon and Marvin Gaye....

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