UMG revenues down, but $409m Beats windfall to come


Universal Music Group’s revenues for the first half of 2014 were down 10.4% year-on-year to €2bn, including an 11.8% decline in the group’s recorded music revenues to €1.6bn. While release schedules were cited as one reason for the dip, UMG’s parent company Vivendi added that “the accelerated transformation of the recorded music industry” was a...

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