In its earnings report for 2019, BMG, the world’s fourth biggest music rights-holder, showed a revenue increase of 10.1% to $674 million for the year, according to Music Business Worldwide.
The figures are included in the latest report from the firm’s Germany-based parent, Bertelsmann, which also showed that BMG’s operating EBITDA (Earnings before Interest, Tax, Depreciation and Amortization) at $155 million for the year — a 13.1% jump from last year’s That operating EBITDA was up 13.1% on the prior year’s haul of $132 million, a profit margin of 23%.
To many, last year’s earnings are a secondary concern compared with what is looking like a very challenging 2020 due to the coronavirus pandemic.
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