Universal Music Group is preparing for its public listing, and that means a 306-page prospectus for investors, journalists and the wider music industry to pore over. It’s useful, because for those with the stamina, there is some more granular information on how UMG’s revenues break down than we’ve been used to getting in parent company Vivendi’s financial results.
For example, UMG revealed that catalogue music – which it defines as anything older than three years – accounted for 54% of its recorded music revenues in 2020. Of those overall revenus, 49% came from North America, 30% from Europe, 14% from Asia and 3% from Latin America.
Meanwhile: “No single artist accounted for more than 1%, and the top 50 artists only accounted for 23%, of UMG’s recorded music revenue in 2020.”
UMG also said that 95% of its digital revenues come from its top 50 digital service partners. There’s also a notable spike in UMG’s spending on ‘advances to artists and repertoire owners’, which grew from €448m in 2018 to €653m in 2019, then €941m in 2020.
Get A Free Music Ally Account
Access unlimited News articles on the site, PLUS a trial of Music Ally’s subscriber-only services, including our industry-leading daily Bulletin email.