July 28, 2006

Vivendi, the parent company of Universal Music Group, announced its earnings for the first half of 2006. (Download a PDF of the seven-page press release.)

Universal Music Group's revenues (on page two) were up 2.2% for the second quarter and were up 5.3% for the first half of 2006. Credit was given to increased digital sales, higher license income and strong performances from Jack Johnson, Ne-Yo, NOW 21, Rihanna, Nelly Furtado, Keane and Andrea Bocelli.

Digital sales accounted for 10.1% of total revenues for the first half of 2006 and 10.3% of total revenues in the second quarter.

AddThis Social Bookmark Button
Posted by Glenn at 3:21 PM | | | Earnings Releases | Universal Music Group