Hartwig Masuch: Reformed BMG ready to take on the majors

Mark Sutherland

BMG CEO Hartwig Masuch has told Music Week that his company is ready to compete with major record labels after a year in which revenues and profits both rose.

BMG revenues out-performed the market, up 12.2% to €416 million (£357.1m) after a year which saw it launch in Australia and Brazil and enjoy its biggest recorded music successes in the US and UK with the likes of Blink-182 and Rick Astley. Meanwhile, its EBITDA margin was 22.8%, up from 22.5% ...

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