Universal revenues dipped 6.7% in 2014
Universal Music Group's full-year revenues dipped by 6.7% in 2014, down to €4.56 billion.
Sales in its recorded music division saw a slightly steeper drop of 7.6%, to €3.69bn. At constant currency and perimeter (which excludes the impact of Parlophone Label Group in 2013), UMG’s full-year revenue only fell 3.8%, while its recorded music income declined by 4.4%, which UMG parent Vivendi attributed to "the rapid transformation of the recorded music industry".
Physical music income was down 12.2% (€1.42bn) on a ...
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