BMG Revenue Up 10% For 2021 To $748m
BERTELSMANN has announced its annual results, including details of BMG’s financial performance in 2021.BMG’s overall revenues grew 10.1% to $748m, while profit measure EBITDA increased by 5.4%. Among the key highlights, catalog recordings and production music both grew revenue by a quarter while publishing revenues from streaming grew by a fifth. The impact of the lockdown hit publishing performance revenues, but streaming revenues continued to grow strongly through the pandemic. ...
Source: allaccess.com