BMG In The News

From Universal’s acquisition in the UAE to BMG’s $447m in H1… it’s MBW’s Weekly Round-up

Five of the biggest stories from MBW's pages this week...

BMG revenues up 11.5% YoY in H1 2023, hitting $447m, as operating EBITDA grows 22.6%

In H1 2023, BMG's operating EBITDA hit €90 million ($97m), up 22.6% YoY

Anthony Abner named Global General Counsel at BMG

Abner joined BMG in 2018 as Vice President, Business & Legal Affairs

BMG to represent ‘entire publishing catalog’ of Grammy Award-winning UK electronic music duo The Chemical Brothers

Duo’s first seven albums to move to BMG

BMG ups interest in Eurodance stars SNAP! via acquisition of the writer’s share of royalties of the group’s Michael Münzing

BMG acquired the SNAP! recorded music catalogue in 2018

After raising $54m, Futureverse unveils ‘JEN 1’ text-to-music AI generator

Futureverse was formed from the merger of 11 different companies last year

‘The industry has learned its lesson.’

For 20 years at BMG and Universal, Rob Wells was the music industry’s go-to digital guru. Then he quit. After enduring a ‘trainwreck’ at Crowdmix, he’s now back as CEO of fast-growing rights management company Orfium...

‘There’s a safe room we go to where the two of us can say anything to each other.’

Boy (George Merrill) Meets Girl (Shannon Rubicam) discuss writing 1980s mega-hits How Will I Know and I Wanna Dance With Somebody, their experience as artists, divorce, trust and rediscovering their passion for writing...