Universal Revenues Down 6 2

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Universal Revenues Down 6.2%

By: Bruce Houghton
2010-03-05

Universal Music Groups (UMG) revenues were 4,363 million in 2009 a 6.2% decrease compared to 2008.

Digital sales grew 8.4% tempered by softening demand for mobile products in the United States and Japan.

Music publishing revenues increased 1.7% and UMG newly acquired merchandising division grew 24.6%.

The year end report touted UMG's support of "Spotifys premium service accessible on the iPhone and MusicStations launch on the Android platform". but failed to mention Spotify's free ad supported online service or when it would license a US entry. UMG also pointed proudly to its involvement in VEVO.

UMGs 2009 EBITA of 580 million declined 14.7% at constant currency compared to 2008. Lower gross margins from declining sales were partially offset by cost management initiatives, primarily reductions in marketing and overhead expenses.

Best sellers for the year included new releases from Black Eyed Peas, U2 and Eminem and from Lady Gaga and Taylor Swift. Local best sellers included titles from Japans GreeeeN, Dreams Come True and Masaharu Fukuyama, as well as Germanys Rammstein, and Frances Mylne Farmer.

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About the Author:
Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations.

http://www.hypebot.com


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