BMG Rights Management GmbH is an international music company focused on the management of music publishing, recording rights and music distribution. The company operates as a division of the international media conglomerate Bertelsmann. The company was established in 2008 as a joint venture between Bertelsmann and the global private equity firm Kohlberg Kravis Roberts (KKR). In March 2013, Bertelsmann took over BMG by acquiring KKR’s shares, making BMG a fully owned subsidiary of the Bertelsmann group. The company’s head office is in Berlin, and it operates regional offices in New York, Nashville, Los Angeles, London, Madrid, Paris, Stockholm, Hilversum, Milan, Beijing, Toronto, Sydney, and São Paulo. BMG is the youngest and fourth-largest major international company in the music industry, with over 2.5 million compositions and recordings in its library.