BERTELSMANN has announced its annual results, including details of BMG’s financial performance in 2021.BMG’s overall revenues grew 10.1% to $748m, while profit measure EBITDA increased by 5.4%. Among the key highlights, catalog recordings and production music both grew revenue by a quarter while publishing revenues from streaming grew by a fifth. The impact of the lockdown hit publishing performance revenues, but streaming revenues continued to grow strongly through the pandemic. .
A roundup of notable music industry deals from the past two weeks: Ferg strikes a management deal with Roc Nation, UTA Music lands Dillon Francis and more.
The Deals: A$AP Ferg Joins Roc Nation; UTA Music Signs Dillon Francis power991fm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from power991fm.com Daily Mail and Mail on Sunday newspapers.