Music GroupsVivendi Earnings Announcement: Universal Music Group
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.
