Bertelsmann Record Sales Drop Continues In 2007
March 20, 2008 at 4:28 PM (PT)
It was a predictably tough 2007 for BERTELSMANN's piece of the SONY BMG label group. Revenues from its share of joint venture group fell 27.8%, to $2.3 billion, as physical revenues fell 17% and digital revenues increased by 40%. All told, SONY BMG recenue has dropped 46.3% over the last five years.
The one silver lining was the continued rise in digital sales, which now accounts for 17% of SONY BMG's total revenue -- up from 12% in 2006.