UMG’s overall recorded music revenues hit a record €2.596billion ($2.93billion), up by 22.4%.
Universal’s biggest money-generating recording artists in H1 of 2019 were Billie Eilish, Ariana Grande, A Star Is Born OST, King & Prince and back number.
According to H1 financial results from UMG parent Vivendi, Universal generated €1.57billion ($1.77billion) from streaming. Universal Music Group’s recorded music revenues from streaming jumped up 32.1% in the first half of 2019.
Across the first six months of 2019, streaming made up 60.4% of Universal’s recorded music revenues.
Vivendi also stated UMG’s second quarter of 2019 (the three months to end of March) in its half-year announcement today. The firm noted that Universal labels had turned over €830million from streaming in Q2 this year. That, at the appropriate exchange rate, converts to $937million meaning that Universal’s recorded music operation is now comfortably generating more than $10million from streaming every single day.
Overall half-year revenues at UMG’s recorded music, publishing, merchandise and more reached €3.26billion ($3.68billion). That was another all-time record, up 24.0% year-on-year, and 18.6% at constant currency.
UMG’s overall H1 EBITA climbed 43.6% at constant currency to €481million ($543million) improving the firm’s EBITA profit margin from 12.4% in H1 2018 to 14.8% in H1 2019.
UMG’s merchandise operation nearly doubled in size year-on-year, with H1 revenues in the category growing from €107million ($130million) in the first half of 2018 to €202million ($228million) in the equivalent period of this year.
Half-year physical sales at the company grew 18.8% year-on-year (15.0% at constant currency) to €438million ($496million), making up 16.9% of total recorded music revenues.
In a note to its investors regarding the potential sale of up to 50% of UMG, Vivendi confirmed that it had “selected the advisory banks as part of the plan to open up the UMG share capital”.
Vivendi initially announced its intention to sell off up to half of UMG last July and at the time recommended a ‘sale of up to 50% of UMG’s share capital to one or more strategic partners, in order to extract the highest value’. Last July Vivendi also said that it could possibly complete the UMG process by the end of January 2020.
- 2021.05.07Mastiii Tops The Chart Again Pushing MTV Beats Down To The Second Position In Week 17 Of BARC
- 2021.05.04Short Format App Triller Pays Singers Royalty to ISRA
- 2021.04.30MTV Beats Tops The Chart For The First Time In Week 16 Of BARC
- 2021.04.27Times Music Inks Global Licensing Deal With Video Sharing App Triller