Select Page

In its earnings report for 2019 BMG:The fourth largest holder of world music, revenue grew 10.1% year-on-year to $ 674 million Music business worldwide. The figures are included in a recent report by the German parent company Bertelsmann, which also showed this. BMG:EBITDA's operating profit (earnings per share, tax, depreciation and amortization) is $ 155 million per year, a 13.1% increase from the prior year period.

Current EBITDA for the same period last year increased $ 132 million to 13.1% – 23% profit.

For many, last year's earnings are a secondary issue, as compared to the very difficult 2020 due to the coronavirus epidemic. In a statement, Bertelsmann President and CEO Thomas Rabe emphasized: "We have taken many measures to protect the health and well-being of our employees in this coronavirus crisis. Bertelsmann is well prepared financially. We are profitable, have high liquidity, a good capital ratio, and our ratings remain unchanged in our investment grade. The wide range of our businesses is less susceptible to economic fluctuations and allows us to continue investing in our future without compromising the essence of our business. ”

Half of BMG's annual revenue for 2019 last year (about $ 337 million) was generated in the United States last year, and the UK with its second strongest area ($ 111 million).

The company's strongest 2019 releases have come from artists including Jason Aldin, Blanco Brown, Keith Richards, Dido, The Cranberry, Andy Grammer, AJR and Lil Dicky.

The new signings include Natalie Imbruglia, Rufus Weinwright, CSI, Hughes Lewis and The News, Seed and Richard Marx, among others. His publishing victories include AC / DC, The Rolling Stones – Mick Jagger and Keith Richards, Roger Waters, Steven Tyler of Aerosmith, Bring Me the Horizon, Juice WRLD, 21 Savage, Johannes Oerding and Lewis Capaldi.

Source link