SOLID Q1 AT UMG

COVID-19 had little effect on Universal Music Group’s first quarter, as revenues rose 12.7% at constant currency to €1.77b ($1.93b) for the three months ended 3/31.

Recorded music revenues grew by 13.1%, owing to growth in subscription and streaming revenues, which were up 16.5% to $990m, and the receipt of a digital royalty claim. Downloads dropped 26.1% to and physical sales were only a bit off from the first quarter of 2019, down 1.4%.

Universal Music Publishing Group was up 17.7% to $295m.

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		ATLANTIC UNVEILS NEW LEADERSHIP STRUCTURE The Elliot era begins. (9/24a) Check It Out Now DICKON STAINER TO HEAD UMG U.K. Changing of the guard (9/24a) Check It Out Now CALL MY AGENT: SAMANTHA KIRBY YOH The latest in a series of live-exec trading cards (9/27a) Check It Out Now TOP 20: FUTURISTIC Score one for hip-hop. (9/26a) Check It Out Now NADEL MOVES FROM ELEKTRA TO WARNER MUSIC NASHVILLE WMG reorg hits Music City. (9/24a) Check It Out Now
		THE GRAMMY SHORT LIST Who's already a lock? COUNTRY'S NEWEST DISRUPTOR Three chords and some truth you may not be ready for. AI IS ALREADY EATING YOUR LUNCH The kids can tell the difference... for now. ALL THE WAY LIVE The players, the tours, the enormous beers.

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SOLID Q1 AT UMG

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