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Business News Deals Labels & Publishers
BMG acquires Schlager label Telamo
By Chris Cooke | Published on Thursday 4 August 2022
BMG is acquiring Germany’s largest independent record label Telamo, a leading player in German Schlager music.
It’s the current iteration of BMG’s biggest single label acquisition to date in its home country of Germany, and on a global basis its biggest label investment since the acquisition of Nashville-based country label BBR Music Group in 2017.
Telamo’s current team will stay in place once the deal is completed, with co-founder Ken Otremba as Managing Director. Meanwhile his other co-founders – Kathleen Herrmann and Marko Wünsch – will continue to act as consultants for the label.
Confirming the deal, Otremba says: “Since our inception, our goal has been to create the optimal and most modern conditions for our artists. We are proud and excited now to welcome our artists to a brand-new chapter. Telamo will maintain its previous partnerships but will now offer access to more opportunities – both domestic and international”.
Meanwhile BMG’s EVP Repertoire & Marketing Continental Europe, Maximilian Kolb, adds: “Over the course of the past ten years, Telamo has skillfully taken Schlager into the digital age. We are THRILLED to welcome Telamo’s wonderful artists and of course its team. BMG and Telamo share the same values of respect for artists. The combination of the two of us will have a major impact on the German language music market”.
