Warner Music Group Corp. experienced its largest stock drop in 18 months following the termination of its music distribution deal with BMG. The end of this nearly eight-year partnership, as BMG shifts to in-house digital distribution, is expected to negatively impact Warner's financial results and limit growth from music streaming next year.
Bertelsmann reported a revenue of €13.4 billion for the first nine months of 2024, reflecting an organic growth of 3.1% despite an overall decline due to the sale of Majorel. The company invested €1.5 billion in its Boost strategy, with strong performances from Penguin Random House, BMG, and the Bertelsmann Education Group, particularly in online healthcare education and medical training in Brazil.
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