In the company’s first quarter figures, revenue was stable, while noting that recorded music in the U.K. and France led a sales increase in Europe. Q1 2009 saw Universal Music Group revenue totalling €1.026 billion ($1.39 billion), compared to €1.033 billion ($1.4 billion) in to Q1 last year, a decline of 0.7% or down 3.2% at constant currency rates. Digital sales increased 27.2% to approximately 28% of record music sales in Q1, while artist services and merchandising activity was up by 9.3%. Major selling artists in the quarter include albums by U2, Lady Gaga, Taylor Swift and Japan’s Dreams Come True.

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