UMG and Sony BMG announce latest financials
Vivendi Universal has announced its first-quarter financials, including those for its Universal Music Group subsidiary. UMG saw revenues increase by 0.6% year-on-year to ?1.03 billion ($1.6 billion), while UMG?s EBITA of ?111 million was 94.7% up too due to higher recorded music margins, a 33% increase in digital sales, and the inclusion of BMG Music Publishing and Sanctuary in the results.
Meanwhile, Sony has announced that for the full year ending March 31, Sony BMG?s revenues were down 4% to $3.93 billion, although its net income rose 111% to $178 million. Continued restructuring was the reason for the rise in income, according to Sony.
Tags: latest figures, Viviendi Universal
