Afterward, in an interview with the Wall Street Journal, the first
That’s apparently OK with UMG chief Doug Morris, who told WSJ, "We get along with them very well."
Vivendi’s upbeat attitude is due in part to the dramatic lessening of debt under Fourtou’s watch, which is now down to €4 billion ($5.1 billion), along with the forecast that net income, should top $2.3 billion this year and $2.9 billion in 2006.
Lévy tells WSJ he sees bright days ahead for the downloading biz, which he says accounted for 4% of UMG’s revenue in Q1 2005, doubling last year’s percentage, and could represent 20% of the company's revenue in time. He also believes UMG is in the early stages of pioneering a new revenue model in the wake of the deals it recently hammered out with video-on-demand services like Yahoo, AOL and Microsoft.
In Q1 2005, UMG revenue was up 6% to $1.3 billion, contributing to a 9% increase, or $6.1 billion, for Vivendi as a whole.
THE COUNT: ROLLING LOUD KEEPS ITS EYES ON THE PRIZE
The latest from the live sector (3/14a)
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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!
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