BMG Posts Strong Earnings for 2018

BMG announced solid earnings for 2018 — its tenth year since the “new” BMG opened for business after its previous incarnation merged with Sony Music — as part of parent company Bertlesmann’s results Tuesday. According to the announcement, despite “negative exchange rate effects,” BMG’s revenues increased by 7.5 percent to €545 million (around $644 million), over the previous year’s €507 million. Operating EBITDA rose by 17.3 percent to €122 million (around $144 million, over the previous year’s €104 million), boosted by the increase in revenues and economies of scale. The EBITDA margin rose to 22.5 percent (previous year: 20.5 percent).

BMG publishing clients are currently in the No. 1 spots on the albums and singles charts in the U.S. (JuiceWRLD’s “Death Race for Love” and Ariana Grande’s “7 Rings,” co-written by Kimberly Krysiuk and Victoria Monet McCants) and the U.K. Jack Savoretti and Lewis Capaldi’s “Someone You Loved”).

The company’s recorded-music division had a particularly strong year, driven by releases from Jason Aldean, Kylie Minogue, Lil Dicky, The Prodigy (whose Keith Flint died earlier this month), Kontra K, A Perfect Circle, Alice In Chains and Aled Jones & Russell Watson. The company signed new deals artists including Keith Richards (whose publishing has been handled by the company since 2013), Dido, Marianne Faithfull, Lenny Kravitz and Adel Tawil. BMG also acquired the world music label World Circuit Records and the US hip-hop and rap label RBC Records.

BMG’s publishing business also continued to grow, with chart success from songwriters including Jason Evigan, George Ezra, Camille Purcell, Bebe Rexha, Jessie Reyez, Jess Glynne and The BossHoss. The company also showed its diversity by signing publishing deals with both Ringo Starr and rising rapper JuiceWRLD.

BMG Production Music, which provides music specifically for movies, video games and advertising, was expanded and now has a presence in eight territories with new offices in Singapore and Hong Kong.

More Music

  • Ryan Adams Sexual Harassment

    Ryan Adams Re-Emerges After Sexual Misconduct Allegations

    Singer/songwriter Ryan Adams, who was blasted with accusations of sexual misconduct earlier this year, including inappropriate texting with a minor, re-emerged on social media with a long post early Saturday. “I have a lot to say. I am going to. Soon,” he wrote. “Because the truth matters. I know who I am. What I am. [...]

  • J. Cole

    Apple Music Launches 'Rap Life' Playlist

    Apple Music announced the launch of “Rap Life,” a new global playlist focusing on contemporary rap artists and culture. It replaces the former “The A-List: Hip-Hop” playlist. Said Ebro Darden, Apple Music’s Global Editorial Head of Hip-Hop and R&B: “We flipped it to dig deeper into into the lifestyle [and to] keep pushing the culture [...]

  • New York City NYC Placeholder

    CityFM Podcast Takes a Deep Look at New York’s Music Scene (Listen)

    First among the many projects listed at the beginning of New York Music Month in June was a WNYE radio show and podcast called CityFM that promised to “explore the city’s music culture, emerging artists and trends, and upcoming events told through the lens of what’s happening around the city in Summer 2019.” And while [...]

  • Black Ball

    President Trump Speaks in Support of A$AP Rocky (Watch)

    UPDATED: In one of the more surreal moments from a presidency filled with few not-surreal moments, President Trump spoke out today in support of rapper A$AP Rocky, who has been jailed in Sweden for more than two weeks after an altercation with fans he said were harassing him. “A$AP Rocky is a situation in Sweden, [...]

  • David Crosby and Cameron Crowe'David Crosby:

    Cameron Crowe Picks Five Favorite Underrated David Crosby Tracks

    “Music is love,” as David Crosby once sang, and nothing breeds deeper love than a sense that something is overlooked. So that’s why Variety asked Cameron Crowe to dig deep into the Crosby canon and pick not just a triad but five favorites from among the CSN singer’s most underrated tracks. Crowe, of course, has [...]

  • Live Nation Logo. (PRNewsFoto/Live Nation)

    Live Nation Confirms Placing Tickets Directly on Secondary Market at Artists’ Request

    Representatives for Live Nation, the world’s largest live-entertainment company and owner of Ticketmaster, confirmed that it bypassed conventional channels and directly placed thousands of concert tickets on the secondary market upon artists’ request, in an article published in Billboard. In a statement shared with Variety, the company acknowledged that it has facilitated the transfer of [...]

More From Our Brands

Access exclusive content