Streaming still paying off for UMG with 18.6% revenue growth

Stop us if you’ve heard this one before: streaming is paying off rather well for the world’s largest music company. Universal Music’s revenues grew by 18.6% year-on-year for the first half of 2019, according to yesterday’s financial results from its parent company Vivendi. The company’s revenues were €3.26bn (around $3.68bn), with UMG’s recorded-music revenues growing […]

Indies prepare for battle over Vivendi’s UMG sell-off plans

Vivendi appears to be paving the way for its planned sell-off of up to 50% of Universal Music Group to happen in 2020 rather than this year. That’s the gist, at least, of comments made by chairman Yannick Bolloré in an interview with Bloomberg (and reported on by Billboard) maintaining that the plans are proceeding smoothly. […]

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