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.

How much is Amazon Music HD?

Amazon Music HD is now available to new and existing customers at no extra cost for users across the globe.

Podcasts and podcast clips are coming to Facebook next week

According to an email from Facebook, podcasts will start making their way onto the social platform next week.

One comment

Leave a Reply

Your email address will not be published.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