BMG has agreed a deal to acquire Germany’s largest independent record label, Telamo, a specialist in Schlager music.

Sources tell MBW that the acquisition will approximately double BMG’s annual recorded music revenues in Germany, the world’s fourth largest music market. According to figures published in BMG parent Bertelsmann‘s annual report earlier this year, BMG generated EUR €40 million in Germany in 2021, across both its recorded music and music publishing operations. Recordings account for around half of BMG’s revenues in Germany.

BMG’s combined recorded music market share post-Telamo acquisition will be 8.5% in Germany, says the company, creating “one of the largest German label divisions across all genres”.