Music Business News: Germany

Sony Music invests in Berlin-based startup gigmit

Major invests six-figure sum in online gig booking app

BMG revenues top $200m in H1 2016, with an 18% profit margin

Bertelsmann-owned firm looks on course to near $500m revenue this year

GEMA wins copyright lawsuit against Uploaded

File-sharing host ordered to pay damages

German recorded music market up 3.6% in H1 2016, CD sales down 9.6%

Streaming revenues up 88%

Universal poaches the Head of iTunes and Apple Music in Germany

Patrick Mushatsi-Kareba leaves Apple after eight years in the music team

Pantaleon launches record label in partnership with Universal

Music manager Pino Brönner is CEO and partner

German music biz title Musikmarkt is shutting down after 57 years

MusikWoche left as only recognised German-language B2B

BMG scores No.1 album in the UK with Rick Astley’s 50

Company also celebrates No.2 single in Germany - with its writers behind the market's No.1