News Formal

BMG Nears $1 Billion in 2023 Revenues on Catalog Deals, Publishing Business

  • 📰 billboard
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

BMG earnings for 2023 bolstered by revenue nearing $1 billion on the strength of catalog deals and publishing gains.

reported record high revenues of 905 million euros in 2023 as catalog acquisitions and growth in its publishing division from hit songs and albums by

Catalog acquisitions have been a key component of Coesfeld’s contributions since he became BMG’s chief financial officer in 2021. Backed by the deep pockets of its parent company, the European media conglomerate Bertelsmann, BMG continued its steady pace of buying in 2023 with 30 catalog acquisitions, including those by The Hollies, Jet, Dope Lemon, Martin Solveig and Paul Simon’s music interests in Simon & Garfunkel’s recordings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seven Takeaways from The Art Basel and UBS Global Art Market Report 2024The global art market consolidated at USD 65 billion in 2023, remaining above pre-pandemic levels.
Source: Luxuo - 🏆 571. / 51 Read more »