And there’s even more good news for Vivendi investors, as UMG’s parent says it plans to hold a public stock offering for the leading music company sometime in 2022. At this point it's unclear how much Vivendi will sell, but it's possible it will take the same route as Access Industries did when it
- Recorded music brought in 1.48 billion euros -- a 7.6% increase over the 1.376 billion euros from the same period last year. While UMG is managing to post revenue increases in the current tough environment, that growth is well below 20.4% surge the recorded music operation 2019 performance enjoyed over 2018’s 1.16 billion euros.
- Merchandise fell nearly in half to 74 million euros -- down from 136 million euros in the same period last year.Within recorded music, digital grew 14.1% to 1.08 billion euros from 945 million euros compared to the same quarter last year. And physical was up too!