RUMOR MILL
Tuesday, April 21, 2020
SOLID Q1 AT UMG
COVID-19 had little effect on Universal Music Group’s first quarter, as revenues rose 12.7% at constant currency to €1.77b ($1.93b) for the three months ended 3/31.
Recorded music revenues grew by 13.1%, owing to growth in subscription and streaming revenues, which were up 16.5% to $990m, and the receipt of a digital royalty claim. Downloads dropped 26.1% to and physical sales were only a bit off from the first quarter of 2019, down 1.4%.
Universal Music Publishing Group was up 17.7% to $295m.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
| ||
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
|
A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
