After several months’ negotiations, the Mark Allen Group (MAG) Has confirmed the acquisition of various Rhinegold assets.
These assets include: Choir & Organ, International Piano, Classical Music, Teaching Drama and Music Teacher, as well as the annual British Music Yearbook, the annual British Music Education Yearbook and the Music & Drama Expos in London and Manchester.
In a separate deal, MAG has also acquired from DC Thomson the goodwill of Opera Now, which previously was under licence to Rhinegold.
Mark Allen said: “We are pleased to have finally acquired these publications. They will add significantly to our current music portfolio which consists of Gramophone, Jazzwise and Songlines. We have exciting plans to develop these Rhinegold titles.”
Derek Smith, the owner of Rhinegold, added:”I am delighted that the Rhinegold family has now found a new home within a larger organisation with the resources properly to develop the real potential of these highly respected brands.”
Christopher Thomson, a director with DC Thomson, said: “We are pleased that in the Mark Allen Group we have found the perfect owner for Opera Now“.