It’s the number that just keeps creeping up and up.
You may remember that back in May, MBW told you that Universal Music Group generated $3.9m a day from streaming services in the first three months of 2016.
Now, parent Vivendi has released its fiscal results covering the first half of this year- and streaming’s contribution is on the rise again.
UMG turned over €1.83bn ($2.07bn) in recorded music revenue in the six months to end of June.
According to Vivendi, streaming contributed 36% of this money – compared to a 17% of recorded revenues in H1 2014 (two years prior).
That 36% equated to a total streaming haul of €653m ($737m) over the six months. That’s $28.3m a week, and over $4m per day.