• BMG Posts Solid First Half of 2020, With Revenue Jumping 4.8% and Streaming Up 26%

    4 monthes ago - By Billboard

    The pandemic-causing economic downturn didn't slow down BMG as the music company posted a 4.8% increase in revenue to €282 million euros at the mid-year point ended June 30, up from €269 million in the year-earlier period.
    The music operation of German conglomerate Bertelsmann also managed to hold its own in terms of profit, posting €49 million in earnings before interest, taxes, depreciation and amortization, the same amount it had in the first half of 2019. But with profit levels holding steady while revenue grew, that resulted in EBITDA margin falling to 17.3% from 18.1% in the prior...
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