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Introduction

French media company Vivendi has reported positive second-quarter and first-half-year results for UMG.

Highlights

  • Earnings from access services accounted for nearly half of UMG's total recorded-music revenue but slightly more than half of the combined physical and digital total.
  • Vivendi commented that music-publishing income also benefitted from the rise in subscriptions and streaming as well as from increased synchronization and performance revenues.

Features and Benefits

  • Details the latest financial results for UMG.
  • Breaks down revenue by source, in particular the different recorded-music formats and services.

Key questions answered

  • What share of recorded-music revenue was generated by subscriptions and streaming for UMG in 1H17?
  • What share of recorded-music revenue for UMG was accounted for by Latin America?

Table of contents

Ovum view

  • Summary
  • UMG reaps the rewards from access services
  • Subscriptions and streaming driving quarterly gains
  • North America the best-performing region

Appendix

  • Author

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