. In August, BMG announced it acquired the German indie label Telamo, expanding its footprint in the world’s fourth largest music market.of generating one billion euros in revenue starting in 2024.attributes the record-setting year for revenues to the company’s investments in technology and services to set it apart with artists and focus on “known quantities” of successful music.
“Our strategic differentiation is focusing on the repertoire that grabs more and more share from consumers, which is established repertoire, known quantities,” Masuch tells. “And in attracting artists, the focus on qualitative differentiation when it comes to accounting, servicing, our daily role, a strategic differentiation between our major competitors and BMG.
“Why we are focused on iconic artists is because we are firm believers in the cultural relevance — the earnings permanence,” Coesfeld says. “These returns are stable, less volatile and growing because the streaming environment is still growing a lot — less than in the last two years, but still growing. Our strategy is keep going because we are firm believers that this is the right thing to do.”
I wonder why 🤔 Louis_Tomlinson