Universal Music Group's revenues from streaming music surpassed $1bn this year

Universal Music Group's sales of recorded music from streaming and subscription services, from January to September 2016, reached €1.03bn ($1.1bn) – up 64.3% on the same period in 2015 (at constant currency and perimeter). This way overall recorded music sales grow to €2.83bn ($3.1bn), up 2.9% year-on-year (or 3.8% using the constant currency/perimeter yardstick).
Sony’s recorded music division which, with the handicap of an unfavorable currency conversion, posted $2.65bn (280.65bn Yen) in the same period.

According to MBW's analysys, UMG’s quarterly recorded music streaming revenues in Q3 hit €377m ($413m): a surprising 47% of all retail recorded music income during the period (not including licensing revenues). On the other hand, physical products accounted for 33% of Q3 sales (€263m), with download making up just 20% (€165m).
Sony saw a recorded music retail revenue breakdown of 42% streaming, 18% download and 40% physical in the same quarter.

[via Music Business Worldwide]

The latest results from Vivendi show that download revenues fell by 29% in the first nine months of this year (constant currency/perimeter); then in the three months across Q3, UMG turned over $4.48m (€4.1m) every day from streaming - which delivered more than double the revenues from download in Q3, and just under double in the nine months from Jan-Sept;

Overall, UMG is on course to post revenues somewhere above $5bn across the company – including publishing, merchandising, live income etc. – in this calendar year.

[via Music Business Worldwide]