BMG has announced that it is fully integrating its new release and catalog recordings businesses. In doing so, the company claims to have become the first global music company to abandon what it calls “the outdated industry distinction” between new i.e ‘frontline’ and older i.e ‘catalog’ recordings. BMG says that the move reflects “the new reality of a streaming market in which older catalog recordings account for up to three-quarters of revenue”.
Source: BMG integrates frontline and catalog recordings businesses