universal music group, Streaming Revenue Beat

Universal Music CEO Touts Streaming 2.0 Deals With Spotify, Amazon: “Where They Go, We Go With Them”
Lucian Grainge and other UMG execs discussed with analysts where future revenue growth would come from after releasing their fourth quarter financial results.
Universal Music’s Subscriptions, Streaming Revenue Beat Forecasts Despite Slowdown
The record label behind Taylor Swift posted revenue of €3.44 billion, beating analyst forecasts of €3.27 billion.
Universal Music Group’s recorded music subscription streaming revenues topped $5bn in 2024, up 9.1% YoY
Universal Music Group‘s latest FY results are out. Within UMG’s financial figures for the 2024 fiscal/calendar year lies this pearl: the company’s recorded music subscription revenues hit EUR €4.624 billion annually,
Universal Music Group revenue up 7.6% to €11.8 billion in 2024
Universal Music Group has reported its financial results for 2024. Revenue of €11.83 billion represented a year-on-year increase of 7.6% in constant currency, driven by growth across all segments (all figures will be stated in constant currency).
Universal Music Revenue Beats Estimates as Subscribers Increase
Universal Music Group NV, the record label for artists such as Taylor Swift and Billie Eilish, reported sales that topped analysts’ estimates in the fourth quarter, boosted by growth from subscriptions.
Universal Music Group Revenue Up 7% to $12.8 Billion in 2024
Universal Music Group's earnings show that 2024 revenue was up 7% on streaming subscriptions, merch and more, landing at $12.8 billion for the year.
Drake Wants to See Universal Music Group’s Emails About Kendrick Lamar’s Diss Track
The rapper, who settled with iHeartMedia, suspects that the major label made secret payments and offered reduced licensing ...
Universal Music in talks for 300k sf lease at Vornado’s Penn 2
Universal Music Group is in talks to lease 300,000 square feet at Vornado’s Penn 2 office tower in Manhattan. Vornado Realty ...
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Drake’s team alleged that Universal and Spotify “launched a campaign to manipulate and saturate the streaming services and airwaves” The world’s defining voice in music and pop culture ...
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Adam Holt to retire as MD of Universal Music New Zealand; Myra Hemara and Matt Kidd named Co-MDs
Adam Holt, Chairman, Universal Music New Zealand; Myra Hemara, Co-Managing Director, Universal Music New Zealand; Matt Kidd, ...
Universal Music nears deal for offices at Vornado's Penn 2
Universal Music Group NV is in talks with Vornado Realty Trust to take office space at the landlord's newly upgraded Penn 2 tower in Manhattan, according to people with knowledge of the matter.
Universal Music New Zealand Announces Leadership Changes as Managing Director Adam Holt Retires
Adam Holt will be exiting Universal Music New Zealand after 24 years in the role of Managing Director and Chairman.
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Discovery to Proceed in Drake v. Universal Music Defamation Suit as Kendrick Lamar’s Super Bowl Performance Looms Large — Dismissal Motion Due by March 17th
Despite Drake’s settlement with iHeartMedia, discovery is moving forward in his high-stakes lawsuit against Universal Music ...