UMG and Sony BMG announce latest financials
Thursday, May 15th, 2008
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. (more…)
