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Introduction

Vivendi has reported a 12.8% year-on-year increase in revenue for UMG for the first nine months of 2015. At constant exchange rates and perimeter, the earnings growth rate was lower, at 2.1%.

Highlights

  • Although digital earnings in the quarter increased 13.9% on a year-on-year basis, when compared with 2Q15, digital income was down 3.6%, to €450m, from €467m.

Features and Benefits

  • The research note details the nine-month financial details for the world's biggest record company UMG.
  • The research note assesses the different income streams for UMG with particular attention to the quarterly reduction in digital income.

Key questions answered

  • What effect did the launch of Apple Music at the end of June have on UMG earnings in the July to September quarter?
  • Which of UMG's main sectors has performed best so far in 2015?

Table of contents

Ovum view

  • Summary
  • Positive nine month sales figures for UMG
  • Streaming earnings overtake download income
  • Streaming and performance gains boosts publishing income

Appendix

  • Author

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