21 November 2018

Listen to Pump it up Magazine RADIO

Universal is making over $6m a day from streaming

Universal streaming revenues soar 45% to top $1bn in H1 2017
Universal Music Group’s labels generated €962m ($1.1bn) in revenues from streaming in the first half of 2017.

That’s a jump of 45.1% year-on-year (at constant currency/perimeter), and the equivalent of approximately $44m every week, or over $6m every day.

Sales from downloads fell 18% year-on-year to €353m ($420m) in the six months, while physical recorded music revenues dipped by a tiny 1.8% to €484m ($575m).

Overall, UMG’s global recorded music business saw sales rise 15.6% in Jan-June 2017, to€2.14bn ($2.5bn).

Including UMG’s music publishing operation and other activities, total half-year group revenues rose 14% to €2.67bn ($3.2bn).

Total H1 group EBITA profit stood at €286m ($340m) – a jump of 58.4% year-on-year.(MBW)

About Pump It Up Magazine 883 Articles
Top Digital & Print Entertainment Magazine !Audience : A total combined audience of over 27000 readers and 33250 website Visitors per month Reach : Available everywhere around the world. Currently over 200 countries log-on every day. • Gender : 55% Male | 45% Female • Age Demo : 25-64 (Website) We are proud to be one of the few media companies with an authentic launching pad for unsigned talent. WE FEATURE Independent Music ! Movie Makers ! Fashion Designers ! Writers,And more! All musical genres are welcome!
en English
X