The Music Emotion Recognition (MER) field has seen steady developments in recent years, with contributions from feature engineering, machine learning, and deep learning. The landscape has also shifted from audio-centric systems to bimodal ensembles that combine audio and lyrics. However, a lack of public, sizable and quality-controlled bimodal databases has hampered the development and improvement of bimodal audio-lyrics systems. This article proposes three new audio, lyrics, and bimodal MER research datasets, collectively referred to as MERGE, which were created using a semi-automatic approach. To comprehensively assess the proposed datasets and establish a baseline for benchmarking, we conducted several experiments for each modality, using feature engineering, machine learning, and deep learning methodologies. Additionally, we propose and validate fixed train-validation-test splits. The obtained results confirm the viability of the proposed datasets, achieving the best overall result of 81.74\% F1-score for bimodal classification.