Quantcast

UMG'S $4.5 BILLION
FIRST-HALF HAUL

Universal Music Group topped $4.5b in revenues in the first half of the year, a 17.3% spike over 2020 at constant currency.

Recorded-music revenues grew by 20% to $3.71b, subscription and streaming revenues grew by 24.7% to $2.5b and physical sales hit $547m, up 40.1%. For the first half of 2021, UMG’s EBITA was $890m, up 37.7%.

Streaming now represents nearly 82% of the company’s revenue.

Music-publishing revenues of $666m were up 3.9% at constant currency and perimeter compared to the first half of 2020, driven by increased subscription and streaming revenues. Merchandising and other revenues of $163 were up 22.2% at constant currency and perimeter.

UMG pulled in $2.4b in the three-month period ending 6/30.

UMG will be listed on Euronext Amsterdam on 9/21. Vivendi will sell 60% of the company, retaining 10% of UMG. Vivendi continues to work on a potential deal to sell between 5% and 10% to Bill Ackman’s Pershing Square by 9/14.

“Everything is proceeding according to plan,” Arnaud de Puyfontaine, CEO and Chairman of Vivendi’s management board, told analysts on Wednesday.

Vivendi will release its Q3 results on 10/21, at which point the initial effect of UMG's sale will be revealed. 

SIR LUCIAN
TURNS IT UP
UMG chief is sitting on top of the world. (9/16a)
OCEAN ACTIVITY?
Let's be Frank. (9/16a)
DRAKE IS EXTREMELY WEALTHY
And not just in Canadian dollars. (9/16a)
KACEY TURNS A PAGE
A close reading of star-crossed (9/10a)
TOP 20: RE-CERTIFIED
The Toronto Raptor strikes again. (9/16a)
HITS' 35TH ANNIVERSARY
A chronicle of the inexplicable.
GRAMMY: ALBUM OF THE YEAR
We make yet more predictions, which you are free to ignore.
2022 TOURS
May we all be vaxxed by then.
ROCK'S NEW CHAPTER
Power pop, global glam and the return of the loud.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)