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BMG Reports $1 Billion Revenue in 2024, Crediting Its ‘Next’-Level Strategy and 16% Digital Growth
BMG earnings for 2024 were bolstered by revenue hitting $1 billion on the strength of catalog deals, digital distribution growth and publishing gains.
Berlin-based music company BMG reported on Monday (March 31) that it generated 963 million euros ($1 billion USD) in revenue over the course of 2024, marking a 6.4% increase from the year-ago period, thanks to a double-digit jump in digital income streams a strong slate of major releases. “Building on the strong performance of our artists and songwriters, ongoing go-to-market improvements, such as insourcing digital distribution, and continued high investment into our people, catalog acquisitions and technology development, we achieved an incredible 2024.” Notable successes in the recorded music sector included releases from George Harrison, Kylie Minogue, Bryan Ferry, Lainey Wilson, Sum 41, Travis, Crowded House, Rita Ora and others.
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