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Topic History of: Universal Music profits up 32%
Max. showing the last 5 posts - (Last post first)

Author	Message
DJones	For the first nine months of the year the pictures is not so good: "For the first nine months of 2011, revenues stood at €2,842 million, a 2.9% decrease compared to the same period in 2010 (-1.1% at constant currency). The 11.3% increase in digital recorded music sales (+13.9% at constant currency) and higher license income only partly offset a lower demand for physical products. UMG’s EBITA was €244 million, stable compared to the first nine months of 2010 (+1.6% at constant currency). Operating cost savings offset restructuring charges associated with the company’s reorganization plan."
JK2006	Excellent news from Vivendi. It's very simple. Music may be cheaper but the trick is to persuade consumers to buy, not steal it - and to give them a genuine and not moral reason to do so.