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Bertelsmann accelerates BMG’s leadership transition with Thomas Coesfeld set to become CEO of the music division by July 1

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German media and entertainment group Bertelsmann disclosed that it will be bringing forward the long-planned change in leadership at the helm of its BMG division, with current Chief Financial Officer Thomas Coesfeld becoming the music company’s new CEO with effect from July 1, 2023. The CEO changeover was originally scheduled for January 1, 2024. Coesfeld, 33, will succeed BMG's founding CEO Hartwig Masuch, 69, who is leaving BMG and Bertelsmann "at his own request and on the best of mutual term...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

US recorded music revenue reached $11.53bn in 2025, up 3.1% over 2024

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US recorded music revenue posted a record high of $11.5 billion, up 3.1% over the previous year, according to figures from the Recording Industry Association of America (RIAA). (RIAA figures are now reported at wholesale.) The market continued to benefit from strong growth from streaming, with $9.47bn in revenue, up 3.1% year-over-year. For the fifth straight year, streaming represented 82% of total US revenue. The US remained the world's largest paid subscription market, comprising about one th...

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Creative Industries

Bruno Mars signs global music publishing admin deal with Avex Music Group

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Avex Music Group has signed artist and songwriter Bruno Mars to a global music publishing administration partnership. Under the agreement, Avex Music Group will serve as the exclusive global music publishing administrator for music written by Mars during the term of the deal, which will commence upon the completion of his current deal with BMG/Warner Chappell. “Bruno Mars is one of the most culturally impactful songwriters of his generation,” said Katsumi Kuroiwa, CEO of Avex Inc. “We are honor...

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BPI figures show British recorded music market grew 5% year-on-year to £1.57bn

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The UK recorded music market generated £1.57 billion in annual revenue in 2025, up 5.0% year-on-year, marking the 11 consecutive years of growth, according to the latest figured published by trade organisation the BPI. Revenue -- which includes income from streaming, physical music, digital downloads, synchronisation, and public performance royalties on sound recordings -- was in 2025 nearly 90% higher than it was the decade before.

British recorded music market in 2025 - Key figures (Source: ...

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