BMG Rights looking for song catalog

BERLIN, Aug. 6 (UPI) -- Germany's BMG Rights Management officials say they're considering adding to their music library, citing low prices and little competition.

BMG Rights executive Hartwig Masuch said the company planned to spend $360 million to acquire music rights during the next 18 months, Variety reported Thursday.

In July, BMG acquired the rights to more than 8,000 songs from Los Angeles-based Crosstown Songs America, which has copyrights on songs such as Sheryl Crow's "All I Wanna Do," Tina Turner's "When the Heartache Is Over" and Ricky Martin's "Livin' la Vida Loca." The catalog was valued at $80 million.

Based in Berlin, BMG Rights' library covers 12,000 songs including music from Kylie Minogue, Alison Moyet and the Scorpions.