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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.
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The latest tidbits from the bustling live sector (3/28a)
CITY OF HOPE TAPS MARCIANO FOR TOP HONOR
This year's philanthropic model (3/28a)
TRUST IN THE TOP 20
Hip-hop is no longer hibernating. (3/28a)
UMG BROADENS SPOTIFY OFFERINGS
Sir Lucian and Daniel are in harmony. (3/28a)
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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