BMG and Believe are two of the largest non-‘major’ music rights companies in the world.
BMG issues half-year and full-year finances via its parent, Bertelsmann, while Believe issues quarterly financial information.
They both report in EUR.
Below you can see a side-by-side of the companies’ topline revenues and operating profits.
Source: MBW analysis / Bertelsmann announcements / Believe announcementsMusic Business Worldwide