Revenues for Universal Music U.K. rose 8.8% in 2017 to £344.33m ($460m), driven by an increased demand for streaming services and the timing of new releases, the company stated in its annual report.
Sales hit £188.8m while royalties brought in and £155.5m, according to figures first reported by Music Week. The gross profit margin increased slightly to 31%. Artist advances of £34.86m were paid out in 2017.
THIS HITS PHOTO GALLERY IS WANDERING IN THE DESERT
Photographic proof of the weaselfest (4/15a)
| ||
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
|