BMG boss suggests major-label valuations are overblown

BMG’s chief executive Hartwig Masuch has been taking his latest potshots at the three major labels, this time focusing on whether their cost structures will prove unwieldy as deals tip more in favour of artists, from frontline catalogue to renewals of existing deals. “The deals for big hits today are much more aggressive than people […]

‘Organic growth’ helped BMG revenues grow by 7.5% in 2018

Music company BMG’s revenues grew by 7.5% in 2018 to €545m (around $615m) according to the latest financial results published by parent company Bertelsmann. CEO Thomas Rabe said that organic growth was key to the company’s overall progression. “BMG benefited in particular from the expansion of its recordings business, which grew strongly during the reporting year; […]

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