Universal Music Quarterly Revenue Rises 6.4% With Help From Streaming Price Hikes ...Middle East

billboard - News
Universal Music Quarterly Revenue Rises 6.4% With Help From Streaming Price Hikes
Universal Music Group (UMG) is starting to see the fruit of higher prices and new deals with streaming platforms. The company’s recorded music division saw its subscription revenue climb 10.6% year-over-year (up 13% at constant currency) due in part to price increases at “certain platforms,” the company said in its second quarter earnings release on Wednesday (July 26). That gain helped UMG’s revenue reach 2.7 billion euros ($2.94 billion at the quarter’s average exchange rate), representing a 6.4% year-over-year increase (8.8% in constant currency), mainly due to the growth in recorded music as well as merchandising.

Hence then, the article about universal music quarterly revenue rises 6 4 with help from streaming price hikes was published today ( ) and is available on billboard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Universal Music Quarterly Revenue Rises 6.4% With Help From Streaming Price Hikes )

Apple Storegoogle play

Last updated :

Also on site :