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Still four majors, but now there are only four players. The company will be renamed Sony Music Entertainment Inc.
music assets
Sony Buys Bertelsmann's Half of Sony BMG for $1.2 Billion
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Posted on August 5, 2008 - 9:26am at Coolfer
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Bertelsmann Reports 2007 Earnings, BMG Down
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Posted on March 19, 2008 - 2:49pm at Coolfer
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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).
