PROFILE |
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edel music is trying to tune in music lovers in Europe and the US. The firm is one of the largest independent music companies in the world, with more than 90 subsidiaries and partnerships in 15 countries. It owns or has investments in several labels and distribution companies, including 45 music (Germany, 75%), Mega Records (Denmark), and Playground Music (38%, Sweden). It also has stakes in Play It Again Sam (Belgium, 75%), Eagle Rock Entertainment (UK, 54%), and RED Distribution (US, 80%). In addition, edel music has CD manufacturing operations, a music publishing business, and marketing and promotional subsidiaries. CEO Michael Haentjes, who founded edel music in 1986, owns 72% of the company.
COMPETITION |
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BMG Entertainment (dossier)
EMI Group plc (EMI)
Universal Music Group (dossier)
DEALS |
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Deal: Napster Teams with Edel Music
Date Announced: 01.02.01
Value of transaction (US $Mil): 0
Description: Online music sharing community signs deal to license independent music label's music library.
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 569.60
1-Yr. Sales Growth: 26.3%
Employees: 1,548
Revenue per employee: $367,958.66
KEY PEOPLE |
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Michael Haentjes
CEO
Andre Finkenwirth
CFO
CONTACT INFO |
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Wichmannstr. 4, Haus 2
22607 Hamburg, Germany
Phone: 49-40-890-85-0
Fax: 49-40-890-85-310
Online: Web Site
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