Bertelsmann Back in Music Biz in Earnest; Up To

Bertelsmann, who all but exited out of music business when it sold its portion in Sony (NYSE: SNE) BMG back to Sony last year, is back in it: it is ramping up its new-ish music rights/publishing venture BMG Rights Management in a deal with PE firm Kohlberg Kravis Roberts & Co (KKR).

The venture, which holds of European back catalogs of more than 200 artists from Sony BMG days, will receive about