Fairness Rocks News Universal Music Group just generated over a billion dollars from streaming in a single quarter… during a global pandemic


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Universal Music Group just generated over a billion dollars from streaming in a single quarter… during a global pandemic

Universal Music Group just stormed Q3.

According to numbers from UMG parent Vivendi, the music company turned over €992m ($1.14bn) in recorded music streaming revenues in the three months to end of September.

This $1bn-plus figure was up by 22.6% in organic terms on the prior year quarter (Q3 2019), and represented only the second time in UMG history that the firm’s recorded music streaming revenues have surpassed a billion dollars in a single quarter.

Read More: https://www.musicbusinessworldwide.com/universal-music-group-just-generated-over-a-billion-dollars-from-streaming-in-a-single-quarter-during-a-global-pandemic/