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Universal Music Group Posts Lower Q2 Results

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Posted on July 24, 2008 - 11:14pm at Coolfer
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Universal Music Group parent company Vivendi released its Q2 results today. (PDF of earnings release) First half evenues of €2,044 million were 4.9% improvement at constant currency and a 2.4% decline in actual currency. Digital revenues were up 33%, the same year-over-year improvement achieved in Q1.

Report: Hands Proclaims EMI Improvement

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Posted on July 14, 2008 - 7:34am at Coolfer
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There is finally some financial news on the great EMI overhaul. Music Week just put up a report that Terra Firma chief Guy Hands sent out an email to employees that described a "dramatic improvement" in EMI's first quarter financials.

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).

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