SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Creative Industries

BMG’s 2024 revenues up 8.1% to €963m driven by a 16% growth in digital revenue

Published

on

Bertelsmann's music division BMG posted revenues of €963 million in the financial year 2024, up 8.1% compared to the year prior. Operating EBITDA rose by 37% to €265m in 2024, reaching an all-time high of 28%, against 21% in 2023. BMG said the results were fueled by "the successful execution of its BMG Next strategy, strong organic growth, and content investments in the music publishing and recorded music sectors." BMG digital revenue grew by 16%, driven primarily by streaming. The share of reve...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

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

HarbourView acquires select music and non-music assets from Quincy Jones

Published

on

Investment firm HarbourView Equity Partners has reached an agreement with the Estate of the late US composer, producer and performer Quincy Jones, in a deal that includes Jones' recorded music and publishing assets, as well as other ancillary rights, including his participation in 'The Fresh Prince of Bel-Air', which was produced by Jones. As part of the transaction, the financial terms of which were not disclosed, HarbourView will "work in close partnership with the Quincy Jones Estate on go-f...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Global recorded music revenues up 9.4% to $39.5bn in 2025 — MIDiA Research

Published

on

Recorded music global revenues grew by 9.4% in 2025 to reach $39.5 billion, according to MIDiA Research's "Recorded music market 2025 | Rise of the fan economy" yearly report. "2025 saw strong performance across the board – even downloads stopped its decade-plus race to oblivion," wrote MIDiA's founder Mark Mulligan in a blogpost. "However, there was one revenue category that left all others in the dust: expanded rights (labels’ participation in merch, live, brand, etc.), which grew by a whoppi...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Production music licensing platform Slipstream acquires Megatrax

Published

on

US production music licensing platform Slipstream has acquired Los Angeles-based production music library Megatrax, adding 200,000 tracks to its global catalogue. Terms of the agreement were not disclosed. Following the acquisition, Megatrax will continue to operate independently while it is integrated into the Slipstream platform over the coming months. “This acquisition reflects our long-term consolidation strategy,” said Slipstream CEO Dan Demole. “Megatrax is a highly respected, composer-led...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending