Universal’s Revenue Down in Q1
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fmqb Vivendi has announced its first quarter fiscal results for 2011, including Universal Music Group, which saw a slight decrease in revenue in Q1. UMG revenue was down 0.9 percent compared to a year ago, to approximately $1.25 billion (or €881 million). Favorable currency movements and strong growth in merchandising were offset by a 2.7 percent [...]

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Posted Tue, May 17 2011 7:27 AM by The Music Industry Report
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