New York – 24th Oct, 2019 – As the old saying goes… just when you thought it was safe to write the industry off, along comes news designed to buck the trend and make everyone sit up and take notice.
Vivendi, Parent Company to Universal Music Group (UMG) published figures for UMG recently (October 17), and these showed UMG’s Q3 2019 revenues were €1.8 billion ($2bn).
UMG’s total quarterly revenues of $2bn – across records, publishing, licensing and merchandise – represented an increase of 16% compared to the same quarter in 2018.
Revenue for the first Nine Months of the year ending September 2019 were over $5.7bn, up 17.5% on the same period last year
According to Music Industry commentator, Donald Malter, streaming revenues were up 19.7% and also sales from physical sales increased year on year up 14.8%
Meanwhile, Music Publishing revenues in Q3 2019 were up 8.3% YoY to €293m ($328m).
Donald Malter also went on to note that Merchandise revenues also rocketed by 82.4% in the nine months to the end of September, to €338m ($381m).
Donald Malter over the past 35 years has worked for, Elektra Records (Warners), Zomba Music (SONY), Verve (Universal Music Group), BMG Chrysalis (BMG Music) as well as numerous other clients. Donald Malter is an “in demand” Consultant specialising in introducing Private Equity Investment into Entertainment Projects.