February 1, 2007

Vivendi announced its full-year 2006 results yesterday (download PDF of full press release). Vivendi's total revenues were up 2.9%. Revenues were up 1.2% in the fourth quarter.

Universal Music Group's revenues rose 1.3% in 2006 but dropped 1.5% in the fourth quarter. The company attributed the growth to "strong digital sales growth, higher license income in the U.S. due in part to legal settlements and strong sales growth in the U.K. and Japan." Part of the legal settlements include revenue from the Kazaa settlement. Digital sales rose 84%. Vivendi does not offer information on operating income for its divisions, only total revenues.

In contrast to the music division's mediocre year, Vivendi Games -- its video game divison -- increased revenues by 25.4%.

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Posted by Glenn at 11:31 AM | | | Earnings Releases | Universal Music Group