Universal Music Group saw its yearly digital sales outstrip physical for the first time in 2013, according to the company’s latest financial report.
The decline in physical sales at the major was offset by growth in digital and other revenues, with subscription and streaming revenue increasing by approximately 75% over the prior year.
UMG revenues were up 12.8% at constant currency (up 7.5% actual) compared to 2012, hitting €4.9 billion.
EBITA of €511 million was up 1.4% at constant currency ...
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