LONDON – BMG parent company Bertelsmann says it is "well prepared to emerge safely" from the current coronavirus crisis with group revenues rising to €18 billion ($19.3 billion) in 2019.BMG contributed €600 million ($645 million) to that total, a 10% rise on the previous year when revenues totaled €545 million ($586 million at today's currency conversion rates).The record label and publisher's operating earnings before interest, taxes, depreciation and amortization (EBITDA) were up 12.7% to €138 million ($148 million), according to Bertelsmann's year-end financial report.BMG is the first label to announce earnings since the coronavirus outbreak shutdown large parts of the music industry.Reflecting on the pandemic, Thomas Rabe, chairman and.
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