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UNIVERSAL’S KICKASS Q1

UMG had a strong first quarter, posting an 8% rise in digital music income in Q1 $523 million. Overall revenues for Lucian Grainge’s empire were up 11.6% year-on-year in Q1 to $1.25 billion; or 2% higher in constant currency, with growth in both recorded music (2%) and publishing (3%).

Here are the bullet points:

  • Strong year-over-year streaming and subscription growth (34%) more than offset download revenue volatility (-4%) and physical product decline (-6%).
  • Best sellers included the Fifty Shades of Grey soundtrack, strong carryover sales on Taylor Swift and Sam Smith and new releases from Drake and Kendrick Lamar.
  • EBITA was 39% better, reflecting the benefit of both revenue growth and mix, as the continued transition to digital sales, improved licensing income and a lower proportion of sales from distributed repertoire all helped margins.
REPUBLIC UPS GOLDSTEIN, ROPPO TO CO-PRESIDENTS
Team Lipman doubles up. (11/26a)
MAYBE, JUST MAYBE:
HOLIDAY CHEER IS HERE
Season's bleatings (11/23a)
COUNTRY GRAMMYS' ROOTS ARE SHOWING
Deck the Grammys with boughs of Holly. (11/24a)
THE BRITISH
ARE COMING
Rolling out our U.K. Special print issue (11/24a)
AND THE GRAMMY NOMINEES ARE...
Olivia, the Biebs, H.E.R., Doja Cat, Billie and Jon Batiste lead the way. (11/24a)
TURKEY
Basting.
STUFFING
Stuffing.
YAMS
Candying.
PUMPKIN PIE
Stuffing (in face).
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