Music GroupsUniversal Music Group Earnings Up
Vivendi reported earnings for the first half of 2006 on Wednesday. Universal Music Group's revenues were up 5.3% ande earnings (EBITA) were up 22.4% against the same period last year. Don't get too excited about the earnings, though. That big earnings increase came from "the recovery of a previously expensed cash deposit of EUR50 million recovered in the TVT lawsuit," not any incredible improvement in operations performance.
Posted by Glenn at 11:20 AM
|
Link
|
|
Universal Music Group
