Universal revenues rise 13.5% in Q1 2013 as Vivendi profit dips
Universal Music Group saw revenues rise 13.5% in Q1 2013, while parent Vivendi has reported an 18.5% profit dip for the period with overall revenues remaining flat.
Digital sales represented 54% of recorded music sales globally compared to 46% in Q1 2012. While CFO Philippe Capron highlighted the now worldwide trend as a point of interest, he told investors that the first quarter typically sees a rise in digital sales.
Universal revenues hit €1,091 million in the first quarter, bolstered ...
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