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Introduction

Vivendi has reported a 1.9% year-on-year increase in revenue for UMG in the first three months of this year. At constant exchange rates and perimeter, the earnings growth rate was 0.6%.

Highlights

  • Recorded music earnings were up at both measures, largely because of the sharp rise in subscription and streaming revenues more than offsetting the accelerated decline in download sales and the continued decline in physical sales.

Features and Benefits

  • Details the first-quarter financial details of UMG.
  • Compares the performance of UMG in the quarter with the other two majors, SME and WMG.

Key questions answered

  • What share of revenue for UMG was generated by digital services?
  • How does UMG's digital share of trade earnings compare with that of the other two major record companies?

Table of contents

Ovum view

  • Summary
  • Positive start to the year for UMG
  • Sharp rise for subscription and streaming earnings
  • Comparing the three majors

Appendix

  • Author

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