History
Edel was founded in 1986 by the current chairman of the board of directors and the majority shareholder Michael Haentjes as a one-man company under the name edel Gesellschaft für Produktmarketing mbH [1] and initially dealt exclusively with mail order for film music. In 1992, the company name was changed to edel Company Music GmbH. The company grew steadily and recorded sales of more than 150 million DM in 1995. [2] In 1998, under the new company name edel music AG, the IPO (WKN 564950) and the listing on the Neuer Markt followed. The first stock market listing was 101 DM. The IPO brought the company a gross capital inflow of almost DM 60 million. [1] As part of a global strategy, investments were acquired abroad, for example the PIAS Group in Belgium, which also included Connected Music Vertrieb GmbH, founded by Haentjes in 1997 [3] , and Eagle Rock, London UK. In 2000, more than DM 1 billion in consolidated sales was achieved.
PIAS is an international recording, licensing, distribution, sales and marketing company for independent music.
Belgium, officially the Kingdom of Belgium, is a sovereign state in Western Europe. It is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the southwest, and the North Sea to the northwest. It covers an area of 30,688 km2 (11,849 sq mi) and has a population of more than 11.4 million. The capital and largest city is Brussels; other major cities are Antwerp, Ghent, Charleroi and Liège.
Eagle Rock Entertainment is an international producer and distributor of music films and programming for cinema, television, DVD, Blu-ray, and downloadable media. Based in London, Eagle Rock has produced and/or distributed live concert and documentary films and programmes in various formats, featuring Talk Talk, Queen, The Rolling Stones, Pink Floyd, The Who, The Moody Blues, John Lennon, Paul McCartney, Elton John, Toto, The Doors, ZZ Top, Gary Moore, Cher, Eric Clapton, Tina Turner, Peter Gabriel, Madonna, Nirvana, U2, Metallica, Eminem, Dream Theater, the Talking Heads, Jeff Beck, Katy Perry, Slipknot, and Supertramp.
In connection with the general crisis in the music business, the collapse of the Neuer Markt and the high costs of integrating the additional companies, a crisis followed in 2001, which jeopardised the company's continued existence. In 2002, Edel and Roland Berger Strategy Consultants implemented an extensive corporate restructuring program. Parts of the company and shareholdings were repelled and loss-making companies were closed.
The music industry consists of the companies and individuals that earn money by creating new songs and pieces and selling live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. Among the many individuals and organizations that operate in the industry are: the songwriters and composers who create new songs and musical pieces; the singers, musicians, conductors and bandleaders who perform the music; the companies and professionals who create and sell recorded music and/or sheet music ; and those that help organize and present live music performances.
Roland Berger is a global strategy consulting firm headquartered in Munich, with 50 offices in 36 countries. The company was founded under the name Roland Berger Strategy Consultants in 1967 by Roland Berger. In 2011, the company's sales were roughly US$1.2 billion. The company, with around 2,400 employees worldwide, is an independent partnership wholly owned by its approximately 220 partners. Since 2018 Roland Berger is growing again after failed merger talks with Deloitte. The company reported $670M in revenues in 2018, approximately 60% of the pre-merger talk revenues but 13% from the year prior.
Of more than 1,700 employees, about 750 remained in the company. Thanks to this consolidation and the stable business of the manufacturer's subsidiary, positive business figures were again achieved. [4] At the end of the short financial year 2001 (30.09.) Edel changed from listing in the Neuer Markt to the Regulated Market / General Standard of the Frankfurt Stock Exchange, which was transferred to the Regulated Market in 2007. [1]
The Frankfurt Stock Exchange is the world's 10th largest stock exchange by market capitalization.
In February 2007, edel music AG took over the book division of Pabel-Moewig with cookbooks, guides, puzzle books, children's books and some licenses such as the silver volumes of the science fiction series Perry Rhodan, thus expanding its media division. [5]
Perry Rhodan is the eponymous hero of a German science fiction novel series which has been published each week since 8 September 1961 in the 'Romanhefte' format by Pabel-Moewig Verlag, a subsidiary of Bauer Media Group. As of February 2019, 3000 booklet novels of the original series plus 850 spinoff novels of the sister series Atlan plus over 400 paperbacks and 200 hardcovers have been published, totalling over 300,000 pages. Having sold approximately two billion copies worldwide alone,, it is the most successful science fiction book series ever written. The first billion of worldwide sales was celebrated in 1986.
At the Annual General Meeting in May 2007 it was decided to remove the addition "music" in the company name. The company then operated under the name edel AG until 2010. In December 2009, the listing on the Regulated Market was revoked. The stock has since been traded on the Frankfurt Stock Exchange.
In 2010, Edel took over 75% of the then ZS publishing house, followed by the remaining 25% in October 2014. [6]
In January 2011, the spelling of the company name changed to Edel AG. [7]
In March 2011, Edel AG finally acquired the evaluation rights for the TV and cinema films around the cartoon characters Pettersson and Findus from the insolvent TV-Loonland AG. [8]
In October 2012, Edel AG acquired 100% of the shares in Brilliant Classics B.V., which is one of the leading companies in the field of classical music.
The label, based in Leeuwarden, NL, sells its products through a worldwide network of distributors. [9]
Since October 2015, Edel holds 75% of Pandastorm Pictures GmbH. [10]
In March 2016, Jonas Haentjes, the son of the company's founder, took over the position of Director Corporate Development at Edel. [11] [12]
As of December 2017, Michael Haentjes and Jonas Haentjes jointly led Edel AG as co-CEOs, and Jonas Haentjes was appointed to the Board of management of Edel AG. [13]
Markus Conrad, Christian Schantz and Joel Weinstein are members of the Edel Supervisory board. [14]
In April 2018, the Executive Board and Supervisory board of Edel AG decided to convert the company into a limited partnership for shares (KGaA).
The change of form is intended to ensure the influence of the family after a generational succession. In addition, the general partner of KGaA should be given the legal form of a European Company (SE). [15]
In March 2019, the generational transition was completed and the change of legal form to SE & Co. KGaA was completed. Jonas Haentjes has been the sole CEO ever since. [16]
Business divisions and participations
Sources: Business units [17] and shares [18]
100%: Edel Germany GmbH with the divisions Edel Kultur, Edel Books, Eden Books, Edel: Motion, Edel Kids, Edel Kids Buch. Edel Distribution, earBOOKS and earMUSIC.
100%: optimal media GmbH with the areas of production and distribution of sound and data media, production and distribution of books. to
66.8%: Kontor Records GmbH, dance label with the brands Kontor Top Of The Clubs and Kontor House of House.
100%: Kontor New Media GmbH with the areas Mobile Entertainment, Internet and Digital Distribution.
100%: ZS Verlag GmbH, Münchener Buchverlag since 2010.
Furthermore, Edel holds 75% of the shares of Pandastorm Pictures GmbH and 100% of the Dutch Brilliant Classics B.V.
