GLOBAL

BMG's Thomas Coesfeld

German entertainment and media group Bertelsmann has picked Thomas Coesfeld to succeed Hartwig Masuch as CEO of music division BMG, effective January 1, 2024. Coesfeld has served as CFO of BMG since April 2021. The change in leadership is part of “a long-term succession plan,” according to Bertelsmann. Masuch will remain associated with Bertelsmann in an advisory capacity. Coesfeld will also take a seat on the Bertelsmann Group Management Committee (GMC), whic...

Here's a list of the week's most important deals:

Hipgnosis Song Management has acquired various rights from the song catalogue from TMS, the British songwriting and record production team consisting of Tom ‘Froe’ Barnes, Benjamin Kohn and Pete ‘Merf’ Kelleher. Hipgnosis has acquired a 100% interest in publishing copyrights — including the writer’s share of performance —, producer royalty streams and neighbouring rights for 217 songs in the TMS catalogue. Terms of the agreement were not ...

52 billion

That's the number of cumulative minutes US subscribers to Netflix spent watching the show 'Stranger Things' in 2022, making it the most watched streaming show of the year, according to Nielsen. The second most viewed show was 'Ozark', also on Netflix, with 31.3 billion minutes. In the top 15 most watched shows, only two were not from Netflix — 'The Boys' and 'The Ring of Power' on Amazon Prime.  

3.75 billion

That's the total number of people in the world who were using a so...