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vivendi

Universal Music Group Improved in Q1 2008

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Citing improved digital sales and the integration of BMG Music Publishing and Sanctuary, Vivendi announced Universal Music Group's Q1 2008 earnings today.

Universal Music Group Earnings Down

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Vivendi announced its 2007 earnings last week (download PDF of earnings release). Yeah, I'm a bit late on this one. EBITA dropped 16.1% (12.9% at constant currency). Digital sales increased 51% (at constant currency).

Universal Music Group Revenue For Fiscal '07 Down, and Helped By Acquistions

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Vivendi, parent company of Universal Music Group, released its earnings for fiscal 2007 today. (Download PDF of full press release here.)

UMG's revenues dipped 1.7% to €4.87 billion for the year and dropped 3.1% to €1.6 billion in Q4. Excluding revenue from acquisitions (BMG Music Publishing and Sanctuary) revenues were down 7.2% for the year 10.2% in Q4.

Vivendi CEOat MIDEM: Reaffirms Belief in the CD, Talks of Stance on DRM, Says Industry Pessimism Is Overdone

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There are now a few reports online about a keynote Q&A with Vivendi president at MIDEM conference in France. (Vivendi is the parent company of market-leading Universal Music Group.)

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