RUMOR MILL
Monday, June 4, 2018
UNIVERSAL U.K. UP 9% IN 2017
Revenues for Universal Music U.K. rose 8.8% in 2017 to £344.33m ($460m), driven by an increased demand for streaming services and the timing of new releases, the company stated in its annual report.
Sales hit £188.8m while royalties brought in and £155.5m, according to figures first reported by Music Week. The gross profit margin increased slightly to 31%. Artist advances of £34.86m were paid out in 2017.
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)
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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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