Posts Tagged ‘Universal Music Group’

There’s good news for the world’s largest record company, UNIVERSAL MUSIC GROUP, with reports that the company will begin posting profits again. UMG, like most labels, took a major hit in the post NAPSTER world when CD sales began to fall. Now, it’s digital that’s leading the way back to black.

UMG reported YESTERDAY (11/13) that revenue for the last nine months had risen 2.1%. CD sales were down again by 14.2% to “eu1.02 billion ($1.29 billion) while digital grew another 8.6% to eu916 million ($1.16 billion) — poised to overtake physical sales soon,” reports PAIDCONTENT.ORG.

via Digital Sales Finally Offsetting CD Losses At Universal Music Group | AllAccess.com.

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Article: Combined UMG+EMI Marketshare Right Now: 46%… by Paul Resnikoff.

This is HUGE information…how do two record labels gain control of 46% of the music market worldwide??!! This is a MUST READ for anyone who claims to be interested in the business side of things!

Jerry Doby

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This post retrieved from :

http://getitdoneblog.net/2011/12/23/article-combined-umgemi-marketshare-right-now-46-by-paul-resnikoff/comment-page-1/#comment-1727

Google gets Sony on board for music service
On MONDAY (NET NEWS 11/14), ALL ACCESS reported GOOGLE was ready to finally launch its music service — but they were expected to do it without WARNER MUSIC and SONY to start — having only signed a deal with UNIVERSAL MUSIC GROUP. GOOGLE sent invitations MONDAY for a press event, to be held in LOS ANGELES, where the company is expected to add downloads to its cloud music service, as well as unveil social-networking features.

Now BLOOMBERG reports, GOOGLE has reached an agreement to offer songs from SONY CORP. for a new music service being announced TOMORROW, a person with knowledge of the situation said, leaving WARNER MUSIC GROUP as the lone holdout. VIVENDI SA‘s UNIVERSAL MUSIC GROUP and EMI GROUP, the other two major record labels, have already signed on, said two people, who weren’t authorized to speak publicly.”

It’s expected that GOOGLE’s store in the cloud will allow songs to be stored online and played from multiple devices. The pricing has been rumored at 99 cents to $1.29.

Retrieved from: http://www.allaccess.com/net-news/archive/story/99063/report-google-music-has-a-deal-with-sony?ref=mail_recap (Nov 16, 2011)