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BMG Nears $1 Billion in 2023 Revenues on Catalog Deals, Publishing Business

BMG earnings for 2023 bolstered by revenue nearing $1 billion on the strength of catalog deals and publishing gains.

Since Coesfeld took the helm in mid-2023, BMG has announced a plan to take over digital sales of its artists’ music, a new physical distribution deal with UMG and increased investments in technology for a new client-facing mobile app, improved data analytics and speedier processing of royalties. Major hits for the publishing division in 2023 included “I’m Good (Blue),” co-written by Bebe Rexha, and “Boy’s A Liar Pt. 2,” by BMG songwriter Mura Masa and performed by Pink Pantheress and Ice Spice, and the release of Hackney Diamonds by the Rolling Stones and Broken By Desire To Be Heavenly Sent by Capaldi.

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