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DEAG Turns A Profit In 2009

GERMANY (CelebrityAccess MediaWire) — German music company DEAG has swung to a profit $6.5 million in 2009 after posting a $4.2 million loss in 2008.

Sales for DEAG rose from 149 million to 157.8 million over the same period in the previous year said the company's annual financial report.

DEAG's CEO Peter Schwenkow attributed the strong year to a number of factors, including a strong concert year, the launch of DEAG's in-house record label and DEAG's '360-degree strategy' as well as cost cutting measures over the past year. – CelebrityAccess Staff Writers