BMG Lays Off Dozens in Film/TV, Theatrical & International Marketing ...Middle East

BMG terminated about 40 employees on Thursday (Oct. 27), sources within the company tell Billboard. The layoffs cut effectively the entirety of its film/TV, theatrical, and international marketing department for recordings as well as its Modern Recordings label, according to sources and an internal memo obtained by Billboard. It took place on the day of the New York office’s annual Halloween party, says a source. Related BMG’s Thomas Coesfeld Talks First 100 Days as CEO: ‘We’re

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