News

– Universal is now making $28m every week from streaming, but downloads are down 29% –

28 août 2016

Capture d’écran 2016-08-26 à 20.09.09


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.


More:  http://www.musicbusinessworldwide.com/universal-is-now-making-28m-every-week-from-streaming/


 

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