BEC-Tero Entertainment Plc is confident its performance will be outstanding next year after securing exclusive music licensing and distribution rights for Thailand, Myanmar, Laos and Cambodia from Sony Music (Thailand) and LOVEiS.
The company expects 2013 revenue will exceed its average annual growth of 10%. The new division will target both Thai and international music markets under the banner of BEC-Tero Music.
BEC-Tero Music is expected to contribute at least 7% to its total revenue next year. Total revenue was 2.6 billion baht last year and is expected to reach 3 billion this year. Of last year's revenue, TV contributed 50%, concerts 25%, radio 10%, concert ticket sales 6-7%.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.