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Vivendi expects 10% revenue growth for UMG in 2017


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Media group Vivendi isn’t due to publish its next quarterly financials until mid-February, but the company issued a statement on “preliminary positive trends of 2017” yesterday including a couple of Universal Music stats.

“Universal Music Group (UMG) confirmed its excellent momentum during the fourth quarter of 2017, which should lead, as expected, to revenue growth of around 10% and an improvement in EBITA close to 20%, at constant currency,” announced Vivendi.

In 2016, UMG generated revenues of €5.27bn, so 10% growth would mean around €5.8bn for 2017.

In its preliminary statement, Vivendi called out UMG’s licensing deals and renewals with Spotify, YouTube and Facebook, as well as its partnership with Tencent, which it says “offers opportunities for UMG artists in the Chinese market and will accelerate the development of a local repertoire”.

Stuart Dredge

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