UMG was once again a relatively bright spot in Vivendi’s latest earnings report. Nine-month revenues for the French parent company increased 7% year-over-year to $8.19 billion, or +1.4% on constant currency and perimeter. UMG’s nine-month revenues to 9/30 were up 12.8% in actual terms to $3.74 billion—or 2.1% from a year earlier on a constant-currency/perimeter basis.
Full-year performance for the Lucian Grainge-led Universal will be impacted pro or con by the Q4 release schedule, which will likely be paced by Justin Bieber’s Purpose, hitting tomorrow…unless some or all of the music group’s superstar wild cards—Drake, Rihanna and Kanye West—deliver their albums in time to be released before year’s end.
Here’s a breakdown of UMG’s Q3 straight from the horse’s mouth:
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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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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