BMG entertainment‚ the world’s fourth-largest media company‚ was a subsidiary of Bertelsmann AG‚ a German media conglomerate. In 1999‚ it was a $4.6 billion music and entertainment company with more than 200 record labels and operations in 53 countries. Its revenue was derived from North America (51%)‚ Europe (32%)‚ Latin America (9%)‚ and Asia-Pacific (8%). Despite of this BMG Entertainment’s ability of generating huge revenue‚ and its operating strategies to make the company sound‚ the BMG Entertainment
Premium Music industry Universal Music Group Record label
CD’s and cassettes. *Merged with AOL--AOL has the largest internet service provider in the industry. *BMG was the largest music club in the world‚ and arguably the leader of the five major labels. *BMG set up a series of websites dedicated to specific genres of music. These sites linked fans to the artist’s websites‚ where they could download or purchase CD’s. (Another innovative move from BMG) Weaknesses: * Through sites like CDNow and Amazon.com customers had the option of having CD’s or cassettes
Premium Record label Music industry Universal Music Group
Case Summary #3: BMG Entertainment 2008310606 Ji Min Lee 1. Why have a handful of major record companies dominated the music industry through most of the last century? The world market of record music in 1990s was dominated by only five big corporations: BMG Entertainment‚ EMI‚ Sony Music Entertainment‚ Warner Music Group and Universal Music Group. The majors could maintain their status thanks to patents and agreements‚ technological improvements and M&As. The majors had the complete
Premium Management Marketing Strategic management
Sony BMG Music Entertainment‚ the second largest record music company in the world. This study is about the Sony BMG’s Market Entry into Second Life‚ as Virtual World of Second Life becomes increasingly popular. It started as a little 3D online community in 2003 developed into a sophisticated virtual world with more than 4 million users from around the globe and with an economy larger than that of a small real-world country. As part of its search for new revenue streams in an industry that has frequently
Premium Marketing plan Music industry
After acquiring RCA‚ BMG became part of the "Big Six" record companies in the world; these six companies provided 80% of the worldwide music sales. In this industry‚ competition is fierce for new repertoire and market share. To become successful globally‚ it was important to have a presence in key markets‚ and to have an efficient A&R Marketing strategy to keep attracting new repertoire. But with being global‚ it is always a challenge for the company to set up the right organization to be able to
Premium Management
CASE STUDY IV.3 BMG(A) 2824309 Which geographic market areas should be chosen for closer analysis? Introduction Bertelsmann Music Group‚ (BMG)‚ is the global music division of Bertelsmann AG‚ a transnational media corporation founded in 1835‚ based in Gütersloh‚ Germany. Its headquarters are located in New York. BMG‚ established in 1987‚ is now one of the world’s biggest music companies with more than 200 record labels in 42 countries. It is also home to one of the industry’s
Premium Music industry Universal Music Group Record label
ENTERTAINMENT is an action‚ event or activity that aims to amuse and interest an audience of one or more people. It is the audience that turns a private recreation orleisure activity into entertainment. The audience may have a passive role‚ as in the case of persons watching a play‚ opera‚ television show or film; or the audience role may be active‚ as in the case of games. Entertainment can be public or private‚ involving formal‚ scripted performance‚ as in the case of theatre or concerts;
Premium Entertainment Magic
This form can be used to organize your thoughts about a case. As you perform your analysis remain open to the fact that your interpretation of the facts may change and therefore you should constantly revisit your answers. Define the Problem: Describe the type of case and what problem(s) or issue(s) should be the focus for your analysis. The type of case that this is an evaluation case. In this case‚ one of the major problems that will be the main focus is the simple fact that there have been
Premium President Management Change
Ethical Issues of Internet Privacy Internet privacy is a major concern of today. Privacy over the Internet has raised certain ethical issues‚ which need to be dealt with. While catering to the privacy needs of the Internet users‚ we need to implement certain ethics. For more on the ethical issues of Internet privacy‚ read on... Privacy is a status wherein an individual can work on his/her information in seclusion‚ resulting in a selective revelation of one’s identity and information. Privacy can
Premium Privacy Identity theft Internet privacy
Yo Yo Honey singh in Mithibai Collage The most awaited Event of the season for Mithibai-ites took place in JRM (Jashoda Rang Mandir) on 4th December 2012. Yo Yo Honey Singh‚ whose concert in Mumbai was hosted by Morellato Time by Gitanjali Lifestyle‚ set the stage on fire as he launched his new album Satan. Yo Yo Honey singh also known as YO YO! Among his fan is a Punjabi rapper and a music producer. Yo Yo honey singh’s live concert along with Aalfaz‚ Mafia mundeer and Dj RINK was able to pull
Premium College University 2012