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| UPDATED: 2007-02-01 |
 Universal Reports Music Revenue 
By: Bruce Houghton 2007-02-01 Full Year 2006: Universal Music Groups revenues of 4,955 million were 1.3% above last year (1.5% on a constant currency basis) driven by strong digital sales growth, higher license income in t he U.S. due in part to legal settlements and strong sales growth in the U.K. and Japan. Music Publishing revenues grew 3.3% on a constant currency basis. Digital sales were 477 million with strong growth in all markets and sectors. Digital revenues were up 84% versus last year and represented 9.6% of total revenues. Best sellers for the year included new releases from U2, Andrea Bocelli, Snow Patrol, Nelly Furtado and The Killers in addition to strong carryover sales from The Pussycat Dolls. Fourth Quarter: Universal Music Groups revenues of 1,657 million declined 1.5% versus last year due to adverse currency movements. On a constant currency basis, revenues increased 1.7% with strong digital sales and higher license income (including the settlement of the Kazaa case) countering lower physical product sales primarily in the U.S. Sales in Europe were very strong reflecting market share gains particularly in the U.K. and the Netherlands and the acquisition of Vale Music in Spain. Music Publishing revenues grew 2.4% on a constant currency basis. Vivendilogo_1Best sellers were new releases from U2, Jay Z, Gwen Stefani and Akon. Other best sellers were the UKs Take That and Snow Patrol. (Click here for full results from parent Vivendi) View All Articles by Bruce Houghton 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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