Jem Aswad Senior Music Editor In an unusual move that seems intended to eliminate age-discrimination in music releases, BMG, one of the world’s largest music companies, announced Tuesday that it has become the first global music company to abandon the “outdated” industry distinction between “frontline” — a.k.a.
new releases — and older catalog recordings. The company, which notes that older catalog recordings account for up to three quarters of revenue in the streaming era, will fully integrate its new release and catalog recordings businesses.
CEO Hartwig Masuch, who has led the company since its 2008 relaunch, said, “Music fans demonstrate on a daily basis that they reject the music industry’s outdated privileging of new music over older music.
Music is music regardless of its age. Great artists and great music have no expiry date and we believe it is time for the music industry to reflect that.” The music business has always focused on the new, pouring most of its resources into discovering, developing and breaking new artists.
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