Jason Aldeal: BMG and Concord have entered into an agreement to combine their businesses, creating what the companies are calling the world’s leading independent music company. The combined company will operate under the BMG name, with Bob Valentine serving as CEO, Thomas Coesfeld as Chairman, global headquarters in Nashville and European headquarters in Berlin. Divisions will include BMG Publishing and Concord Records. The deal is expected to close in the second half of 2026, pending regulatory approvals. Full press release here.