Universal Music Earnings Soar 38 Percent in First Half of Year

  • 📰 THR
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Universal Music Group’s earnings for the first half of 2021 surged ahead of the music major’s planned September stock market debut, French media and telecom giant Vivendi said on Wednesday. Revenue…

Revenue for the first six months of the year rose 17.3 percent, compared with the same period of 2020, for the home of Taylor Swift and Lady Gaga to reach 3.83 billion euros when using constant currency exchange rates and assuming the same asset portfolio for both periods.

Recorded music revenues at UMG, led by CEO Lucian Grainge, grew by 20 percent as subscription and streaming revenue gained 24.7 percent and physical sales rebounded 40.1 percent. Music publishing revenue climbed 3.9 percent, “driven by increased subscription and streaming revenues,” said Vivendi, which is led by CEO Arnaud de Puyfontaine.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I miss EMI

Before Himanta, all the seven sisters lived in peace 🦄 shame_on_assam shameonassamcm shameonhimantabiswasarma cancelassamCM shameonassam assamshotfirst gobackassam shameonHimantaBiswasarma

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banijay France Buys French Music Entertainment Production Company DMLS TVBanijay France has acquired French music entertainment producer DMLS TV as it expands its local footprint. DMLS TV has access to some of France’s top artists and musical entertainment shows, …
Source: Variety - 🏆 108. / 63 Read more »