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Introduction

French media company Vivendi and electronics giant Sony Corp. have reported financial details for their respective music subsidiaries, UMG and SME.

Highlights

  • Recorded-music income benefited from the continued growth in streaming and subscriptions and more than offset the drop in revenue from physical formats.

Features and Benefits

  • Details the latest financial results for UMG and SME.
  • Assesses revenue by source for both companies and examines how currency exchange rates have affected the results.

Key questions answered

  • What share of recorded-music revenue for UMG comes from streaming?
  • Why is Sony forecasting a fall in sales for the current financial year?

Table of contents

Ovum view

  • Summary
  • Streaming gains maintains UMG's upward growth curve
  • Streaming and subscriptions the main revenue provider
  • Mixed start to the new financial year for SME
  • Positive quarter for music publishing

Appendix

  • Author