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artist management

Bertelsmann Reports 2007 Earnings, BMG Down

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Bertelsmann reported its 2007 earnings yesterday. For the year, BMG revenues declined by 27.8% to €1.5 billion and operating EBITA (basically operating profit) dropped 46% to €93 million. Physical revenues dropped 17% while digital increased 40%. Digital accounted for 17% of BMG's revenue (up from 12% in 2006).

Universal's Beverage Play Is A Joint Venture

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Call it what you want -- the commodification of music, alternative revenue streams, the coming of the apocalypse -- but Universal Music Group has been extending its non-recorded music revenues. Last year we heard about the deal the [bleep]cat Dolls inked with toymaker Hasbro.

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