Untitled - David Kronemyer

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Wet Wel Wel, Elton John, Von Morrison ond the debut olbum from Texos selling in excess of one million unils worldwide, o rore occurrence for o first olbum. The nolionol componies - Polydor, Phonogrom qnd London - were ioined by lslond Records in mid-'1989 qnd the U.K. orm of A&M Records in Jonuory l990.This combinolion of five highly successful yet diverse locol componies will give us not only continued U.K. morkel leodership in 1990, but substontiol internqtionol soles ond income. PolyGrom U.S.A. increosed ils inlernotionql prominence in 1989, due moinly to lhe conlinued world touring of rock supergroup Bon Jovi, together with criticolly occloimed olbums f rom Michelle Shocked, John Mellencomp ond the ropidly-developing Don Reed Network. PolyGrom's U.S. presence will be strongly bolstered by the oddition of lslond Records in NewYork, ond in 1990, A&M Records in Los Angeles. PolyGrom Germony wos very successful with its three componies - Polydor ond Metronome in Homburg ond Phonogrom in Cologne - with locol ond world selling ortisls such os Jomes Lost,Yello, Gionno Nonnini, Doro ond Comoufloge. PolyGrom Hollond hod increosing inlernolionol success on the Polydor ond Phonogrom lobels with its rosler of octs including BZN, Lois Lqne ond Gerord Joling, ond further enhonced its reputolion os o most successful nolionol repertoire compony. Similor notionol morket leodership wos ochieved in mony other morkets, wilh PolyGrom's operotions in Soulh Eqst Asio being worthy of speciol mention. Similorly, PolyGrom Brozil hod locol ortists such os Wondo, Cozuzo ond Kororo eoch sell over hqlf o million units, together with mony oriists now being developed worldwide os port of the lotest "lombodo" donce sensolion. ln ltoly, we lounched the second million-plus selling olbum from Zucchero, who in Jonuory '1990 begon o mojor internotionol coreer by performing os the opening ocl for Eric Clopton's W'e atquited two ttf the rnost t' e s p e c tat al inrlc p e nde nt recot'd eornpanies - Island a'r.I A&DI-
Page 3 and 4: conP"d$troHrs KEY EVEilT3 O} I989 o
Page 5 and 6: Prior to PolyGrom's initiol public
Page 7 and 8: Gl: Whar doe3 thol meon flnonciolly
Page 12: Vlb now' have a witfu: portfolio o;
Page 15 and 16: os closely os possible thol envisog
Page 18 and 19: Supplementory io its populor ond cl
Page 20 and 21: REPORT OF 'HE BOARD OF MANAGEMENT l
Page 22 and 23: ACCO U NII NG POLIGIES Consolidoted
Page 24 and 25: in millions of Netherlonds guilders
Page 26 and 27: in millions ol Netherlonds guilders
Page 28 and 29: T{OTES TO THE COI{SOLIDATED STATEME
Page 30 and 31: NOTES TO THE CONSOlIDATED BAIANCE S
Page 32 and 33: Poyobles to bonks Accounts poyoble
Page 34 and 35: lIOIE5 TO THE FIlIAIICIAl SIATEMENI
Page 36 and 37: The occounting policies followed in
Page 38 and 39: go L't g R A M THE N ETH E RI.ANOS
Page 40 and 41: Nct Soler
Page 42: tltvE StoR I llloRtlrlol{ Annucl ce

Untitled - David Kronemyer

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