SMG entertainment profits
SMG entertainment profits NK7xq
The bar charts represent the profits generated by MG Entertainment in 1997 and 2007 from sales of different music formats in Germany, France and Italy.
Overall, CDs remain the most profitable music format for MG Entertainment in both years. However, during the 20-year period, Internet downloads observed the strongest growth in profitability, whereas cassettes and vinyl witnessed the sharpest drops.
In closer detail, in 1997, music packaged in CDs and sold in shops and online were the most profitable for MG Entertainment. CDs bought in shops in particular generated extremely high profits of 45 million, 25 million and 20 million euros in Germany, France and Italy respectively. Cassettes and vinyl also saw high profits, totalling 15 million in Germany, 17 million in France and 23 million euros in Italy. By contrast, the then-new format of Internet downloads created negligibly profit in this year.
Two decades later, in 2007, CDs still reign supreme for MG Entertainment, accounting for 33 million, 21 million and 14 million euros in profits in Germany, France and Italy respectively. Internet downloads were also highly profitable in this year, creating a profit of 5 million euros in Germany and neighbouring France, and 3 million for Italy. Most strikingly, however, is the sharp drop in profitability experienced by cassettes and vinyl. While these formats were highly profitable only two decades prior, by 2007, both formats failed to generate any extra money.
The bar charts represent the
profits
generated by MG Entertainment in 1997 and 2007 from sales of
different
music
formats
in Germany, France and Italy.
Overall
,
CDs
remain the most
profitable
music
format
for MG Entertainment in both years.
However
, during the 20-year period, Internet downloads observed the strongest growth in profitability, whereas cassettes and vinyl witnessed the sharpest drops.
In closer detail, in 1997, music packaged in
CDs
and sold in shops and online were the most
profitable
for MG Entertainment.
CDs
bought
in shops
in particular
generated
extremely
high
profits
of 45
million
, 25
million
and 20
million
euros in Germany, France and Italy
respectively
. Cassettes and vinyl
also
saw
high
profits
,
totalling
15
million
in Germany, 17
million
in France and 23
million
euros in Italy. By contrast, the then-new
format
of Internet downloads created
negligibly
profit
in this year.
Two decades later, in 2007,
CDs
still
reign supreme for MG Entertainment, accounting for 33
million
, 21
million
and 14
million
euros in
profits
in Germany, France and Italy
respectively
. Internet downloads were
also
highly
profitable
in this year, creating a
profit
of 5
million
euros in Germany and
neighbouring
France, and 3
million
for Italy. Most
strikingly
,
however
, is the sharp drop in profitability experienced by cassettes and vinyl. While these
formats
were
highly
profitable
only
two decades prior, by 2007, both
formats
failed to generate any extra money.
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