Universal's compilations division moves into streaming as part of major rebrand
Universal Music’s giant compilations division, UMTV, is to rebrand as Universal Music On Demand (UMOD) as the sector continues to transition away from physical and download albums to focus on streaming.
Universal dominated the compilations sector in Q2 with a 39% market share, according to Official Charts Company data. UMTV’s compilations sales were up 46.6% year-on-year in the quarter, but total compilations sales crashed 20.9% in Q2 as streaming finally began to impact on the sector.
In a “strategic response” ...
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