UMG to Handle Physical Distribution for BMG Under New Alliance ...Middle East

BMG said on Thursday (Oct. 18) that it will use Universal Music Group’s (UMG) commercial services division for the distribution of its physical recorded music, in what BMG CEO Thomas Coesfeld described as the first project of a burgeoning “alliance.” Last month, BMG announced it was winding down its agreement with Warner Music Group’s ADA and would be taking over direct management of its 80-billion-stream digital distribution later this year. Digital revenues contributed 70% of BMG’s overall revenues in 2022. Related

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