Rights management company BMG has reached a new milestone with official industry figures showing it was the most successful music publisher in Germany in the first six months of 2014 with a 20.86% share of the singles charts, according to research company GfK Entertainment.
This was enough for it to overtake the established “major” music publishers to take the Number One spot. In the same period of 2013 BMG’s chart share was 11.52%.
It is the first time that BMG, founded just over five years ago, has been Number One publisher in a major territory.
BMG CEO Hartwig Masuch said, “This is the latest in a continuing series of milestones for BMG as we realize our vision of creating a new kind of artist-centric company. When we launched in 2008, some doubted whether we could compete with the established majors. We have shown that by offering writers and artists exemplary service, an international network and a commitment to help them develop their careers we can indeed compete at the highest level.”
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