Quantcast
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.
2020 MIDYEAR MARKETSHARE SCORECARD
The competition is fierce. (7/7a)
POP SMOKE SET
FOR BIG DEBUT (UPDATE)
A "Moon" shot. (7/6a)
U.K. GOVT. OKS £1.57B ARTS RESCUE PACKAGE 
Fingers crossed for indie venues to return. (7/6a)
BLACK MUSIC MONTH:
LADIES FIRST
Latifah, Lauryn, Missy, Lil Kim, more. (7/7a)
JUICE WRLD'S LEGENDS NEVER DIE DUE FRIDAY
Juiced with a big D2C initiative. (7/7a)
THE 2021 CONCERT RUSH
Would you like some Swiss cheese with your nachos?
ALEXANDER HAMILTON
Oh, sorry--we were just singing to ourselves.
MARY TRUMP
Family is everything.
K-POP STANS
Are they coming for Kanye? Yes.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)