BMG’s parent company wants to be carbon neutral by 2030

2030 has become a key date in the battle against the climate emergency, although also a controversial one – many campaigners think even 10 years is too long to take the urgent action required. Still, it’s a target, and it’s one that BMG’s parent company Bertelsmann is getting behind. “By 2030, the international media, services, and […]

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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