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BMG Revenues up 10% for 2019, Company Is ‘Well Prepared’ to Weather Coronavirus Pandemic

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In its earnings report for 2019, BMG, the world’s fourth largest music rights-holder, confirmed a income enhance of 10.1% to $674 million for the yr, in accordance with Music Business Worldwide. The figures are included within the newest report from the agency’s Germany-based dad or mum, Bertelsmann, which additionally confirmed that BMG’s working EBITDA (Earnings earlier than Curiosity, Tax, Depreciation and Amortization) at $155 million for the yr — a 13.1% bounce from final yr’s

That working EBITDA was up 13.1% on the prior yr’s haul of $132 million, a revenue margin of 23%.

To many, final yr’s earnings are a secondary concern in contrast with what’s wanting like a really difficult 2020 because of the coronavirus pandemic. In an announcement, Thomas Rabe, Chairman and CEO of Bertelsmann, emphasised: “Now we have taken many measures to guard our staff’ well being and well-being on this coronaviruscrisis. Bertelsmann is properly ready financially. We’re worthwhile, have excessive liquidity, a snug fairness ratio, and rankings proceed unchanged within the investment-grade class. The broad setup of our companies makes us much less vulnerable to financial fluctuations and permits us to proceed investing in our future with out compromising the substance of our enterprise.”

Half of BMG’s annual revenues for 2019 (round $337 million) final yr had been generated in america, with the UK its second-strongest territory ($111 million).

The corporate’s strongest releases in 2019 got here from artists together with Jason Aldean, Blanco Brown, Keith Richards, Dido, The Cranberries, Andy Grammer, AJR and Lil Dicky.

New signings included Natalie Imbruglia, Rufus Wainwright, KSI, Huey Lewis & The Information, Seeed and Richard Marx, amongst others. Its publishing triumphs included AC/DC, Mick Jagger and Keith Richards of the Rolling Stones, Roger Waters, Steven Tyler of Aerosmith, Deliver Me the Horizon, Juice WRLD, 21 Savage, Johannes Oerding and Lewis Capaldi.

 

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