UMG’s Revenue Up 21.9 Percent…

Universal Music Group’s revenues are up 21.9 percent from 2012.

This leaves their revenue at €3,398M ($4,585M) for the first nine months of 2013. Digital sales accounted for 53.9 percent of recorded music sales in 2013, this is up from 47.6 percent the year before.

UMG also spoke about the results of their EMI acquisition:

Synergies related to the EMI RECORDED MUSIC acquisition are on track and should reach the target of more than £100 million by the end of 2014“.

Vivendi, UMG’s parent company, has seen a one percent rise in revenue this year.

3 Responses

  1. GGG

    I guess Spotify must have just paid them a bunch of money and bought some DLs to account for all the sales they’re costing, right? That’s probably how it works.

    • TuneHunter

      …and Veevoo got advance payment till middle of 2014 to help parent company with statistics.
      Google boys just got deeeepppper discount on $.001 stream price.