the report<\/a>\u00a0released yesterday by Vivendi UMG have “more than offset” the decline in music sales, that is affecting the whole industry, thanks to the massive rise in music streaming.<\/p>\nAccording to the report music streaming accounted for 52% of UMG’s digital recorded music revenues in the second half of 2015 as music downloads faced \u00a0a 13% decline. Universal’s publishing revenues also saw a rise of 3% in 2015 thanks to music streaming.<\/p>\n
In a statement on the company’s outlook a representative said: “We continue to see positive momentum in the business, driven by ongoing growth in streaming and subscription and tempered by continued declines in download and physical, leading to a reasonable increase in results this year – and enhanced results from 2017 and onwards.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Universal Music Group have reported a rise in revenue despite facing declines in physical sales thanks to music streaming. Universal Music Group (UMG) reportedly had a 2.4% rise in revenue in 2015, amounting to \u20ac5.11 billion\/\u00a33.98 billion. According to the report\u00a0released yesterday by Vivendi UMG have “more than offset” the decline in music sales, that is affecting the whole industry, thanks to the massive rise in music streaming. According to the report music streaming accounted for 52% of UMG’s digital recorded music revenues in the second half of 2015 as music downloads faced \u00a0a 13% decline. Universal’s publishing revenues also…<\/p>\n","protected":false},"author":12,"featured_media":9610,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[28,5580,27,422,4131,467],"acf":[],"yoast_head":"\n
Universal Music Revenues Rise Thanks To Streaming<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/universal-music-revenues-rise-despite-decline-in-sales-thanks-to-streaming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Universal Music Revenues Rise Thanks To Streaming\" \/>\n<meta property=\"og:description\" content=\"Universal Music Group have reported a rise in revenue despite facing declines in physical sales thanks to music streaming. Universal Music Group (UMG) reportedly had a 2.4% rise in revenue in 2015, amounting to \u20ac5.11 billion\/\u00a33.98 billion. According to the report\u00a0released yesterday by Vivendi UMG have “more than offset” the decline in music sales, that is affecting the whole industry, thanks to the massive rise in music streaming. According to the report music streaming accounted for 52% of UMG’s digital recorded music revenues in the second half of 2015 as music downloads faced \u00a0a 13% decline. 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