Universal Music, Are They Starting To Adopt Digital Business Models Correctly?

Universal

In the last year or so it has been tough times for the major record labels. The majors have not really been moving into the digital as fast as they should, whilst at the same time not understanding the digital business models.

Whilst this still remains the case Universal have released their lastest quarters results, and they seem very surprising to me.

  • $3.97 billion revenue for first 3Q’s of ’08
  • + 3.5% without currency fluctuations
  • + 33% for digital sales which “”more than offset” lower CD sales
  • Earnings 21.8% to $516M before deduction of interest, tax and amortization
  • Net is lower due to restructuring costs
  • Full press release
Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

Apple Music’s new homepage has you set for quarantine

Apple Music want to lift the spirits of self-isolators as soon as they open the app with their quarantine content. Many companies and services are doing their bit to keep people happy and entertained whilst…

YouTube Music gets lyrics for all available songs

YouTube Music have added lyrics on their Now Playing screen to all of their iOS and Android apps. Sometime’s when you’re listening to a great song you just want to know what it is they’re…

One comment

Leave a Reply

Your email address will not be published. Required fields are marked *