Bertelsmann Media Group (BMG) has announced that its revenues from continuing operations rose 1.2% to €15.3bn ($20.4bn), as it looks for more digital and international growth in the year ahead, including from its BMG Rights Management business. That division pulled in revenues of €200m (around $267m) in 2011, after being set up as a joint venture between Bertelsmann and investment company KKR and going on the acquisition trail. “The integration of major catalogs such as Bug Music and Chrysalis has resulted in substantial synergistic benefits and positive effects on earnings,” said BMG’s Thomas Hesse. “In the future we intend to continue acquiring selected interesting catalogues… Different from the recorded music market, the music rights business also profits from the digital era based on the fact that worldwide music has never been listened to so much as it is today.”
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