News - 15/02/2018

Universal Music Group turned over an average of $17.5m per day in 2017

Universal Music Group turned over an average of $17.5m per day in 2017

According to new annual results posted by Vivendi, total revenues at UMG – including recorded music, publishing and other activities – rose 10% at constant currency/perimeter last year to €5.67bn ($6.4bn). Within that figure, recorded music sales grew by 11.3%, reaching €4.56bn ($5.1bn) in the Jan-Dec period. This growth was propelled forward by recorded music streaming revenues, which totalled €1.97bn ($2.2bn) in 2017.

The figures show an average of $17.5m per day in 2017 – as the company’s annual sales hit record highs by topping $6bn.

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