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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.
earnings release
Universal Music Group Improved in Q1 2008
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Posted on May 14, 2008 - 7:48pm at Coolfer
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Bertelsmann Reports 2007 Earnings, BMG Down
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Posted on March 19, 2008 - 2:49pm at Coolfer
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Bertelsmann reported its 2007 earnings yesterday. For the year, BMG revenues declined by 27.8% to €1.5 billion and operating EBITA (basically operating profit) dropped 46% to €93 million. Physical revenues dropped 17% while digital increased 40%. Digital accounted for 17% of BMG's revenue (up from 12% in 2006).
Universal Music Group Earnings Down
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Posted on March 4, 2008 - 2:24pm at Coolfer
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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).
