The company, which announced in April it will acquire Concord, said it has invested a record amount into music rights catalogs.
Adjusted operating EBITDA also hit 127 million euros, having risen 42% since 2023, the company said.
BMG acquired some 14 publishing and recorded music assets in the first six months of the year, making this its biggest investment in music rights during the company’s history.
Acquisitions this year included rights from Jelly Roll, Fuji Music Group (which includes works associated with John Lee Hooker, Hal David, and Chess Records), Snap.
Coesfeld said BMG is using artificial intelligence “at scale across BMG to better serve our clients and rights-holders by connecting music with the right audiences, deepening fan engagement, driving revenue opportunities, and improving productivity.”.
BMG uses AI and data to sharpen its marketing, fan-focused strategies and to better monetize its catalog by identifying the best audiences to target. AI is also used to create and deliver “Motion Art for Apple Music.”.
Across its recorded music, publishing and catalog, BMG represents more than three million songs and recordings including Tina Turner, Jason Aldean, Jelly Roll and Paul Simon.
For the first six months of the year, catalog performance was led by “Blue” by young kai, “What Is Love” by Haddaway, and “Lost On You” by LP.
BMG reiterated that its acquisition of Concord is on track pending regulatory approval. The ultimate combined company would be 67% owned by Bertelsmann, BMG’s parent company, and 33% owned by affiliates of Great Mountain Partners, a private markets investment firm that has long invested in Concord through a fund that manages money from Michigan Retirement Systems and Great Mountain’s management team.
Billboard used an average six-month U. S. dollar to Euro conversion rate of 1. 1682224299.
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