Despite German record sales being down some 20% for the first half of the year, BMG Germany has said that it expects to post a profit in line with last year's $274m. Insiders admit the label's good fortunes have a lot to do with the Pop Idol machine. BMG have the rights to sign the winners of the reality pop show.
Jul 3, 2003
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1 min read
BMG Germany expects profit despite sales slump
BMG Germany expects to post a profit in line with last year's $274m despite German record sales falling about 20% in the first half, helped by Pop Idol winners.