variety.com
24.03.2020 / 18:41
BMG Revenues up 10% for 2019, Company Is ‘Well Prepared’ to Weather Coronavirus Pandemic
In its earnings report for 2019, BMG, the world’s fourth biggest music rights-holder, showed a revenue increase of 10.1% to $674 million for the year, according to Music Business Worldwide. The figures are included in the latest report from the firm’s Germany-based parent, Bertelsmann, which also showed that BMG’s operating EBITDA (Earnings before Interest, Tax, Depreciation and Amortization) at $155 million for the year — a 13.1% jump from last year’s