Universal Music Group reported an 18.8% jump in revenue for the first quarter of 2019. The increase came as part of a strong financial report from parent Vivendi. Music subscription and streaming revenue grew 28.1% year-over-year. The company also reported that it is making progress on its plan to sell…
Category archives: Vivendi
Contrary to Vivendi’s Demands, Liberty Media, KKR, and Tencent Music Group Want a Majority Stake in UMG
Could Vivendi majority stakeholder Vincent Bollore ultimately scare off potential Universal Music Group investors? According to a report published this week, three major bidders have emerged as potential suitors for up to half of Vivendi subsidiary, Un…
Three Major Suitors Prepare to Bid for Up to 50% of UMG
Major bidders are ready to buy up to half of Universal Music Group. But, will they accept Vivendi’s strict demands? Two weeks ago, Vivendi posted a great profit from its subsidiary, Universal Music Group (UMG). Across labels, record sales, publishing,…
UMG Revenue Grew 10% In 2018, Streaming Up 37%
Universal Music Group revenue grew 10% to $6.8 billion USD in 2018 when compared to 2017. The “A Star Is Born” soundtrack, Drake, Post Malone, The Beatles and XXXTentacion were the yer’s best sellers for the world’s largest music group. Recorded music revenues grew 9.8% led by streaming revenues which…
Universal Music Group posts record $7.1bn in 2018 revenues, with a $1bn EBITA
Universal’s recorded music division turned over €4.828bn ($5.73bn) last year, up 10% at constant currency
The post Universal Music Group posts record $7.1bn in 2018 revenues, with a $1bn EBITA appeared first on Music Business Worldwide.
Universal parent Vivendi buys book publishing company Editis in $1bn-plus deal
“This acquisition is a logical step in the building of a large content, media and communications group. It also marks the return of this French publishing powerhouse to a European group with a global reach.”
The post Universal parent Vivendi buys book …
These might be the 5 most powerful people in the music business – despite none of them working in the music business
Who are the bosses of the music industry’s bosses?
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Music to YouTube’s ears: Article 13 in disarray as European Copyright Directive stalls
Eleven member states, including Italy and Germany, reject latest draft of proposal
The post Music to YouTube’s ears: Article 13 in disarray as European Copyright Directive stalls appeared first on Music Business Worldwide.
Cross-industry letter urges EU policymakers to make ‘urgent changes’ to new draft of Article 13
Organizations to have signed the letter include the IFPI and IMPALA
The post Cross-industry letter urges EU policymakers to make ‘urgent changes’ to new draft of Article 13 appeared first on Music Business Worldwide.
Who Will Buy Universal Music Group? [Mark Mulligan]
Vivendi has been clear that it would like to sell up to half of its Universal Music Group at a valuation of between $22 billion and $33 billion, and an army of investment bankers are out courting potential buyers. MIDiA’s Mark Mulligan looks at who may want and can afford…