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Universal Music Group Q1 Revenue Up 9.1%, Credits Madonna, Nicki Minaj, Gotye, Van Halen Releases
May 15, 2012
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Record Labels
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Global
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Legal & Management
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Digital & Mobile
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Retail
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Rock & Pop
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R&B/Hip-Hop
Universal Music Group revenues increased 9.1% to $1.28 billion in the first quarter of 2012. Earnings before interest, taxes and amortization (EBITA) grew 47% to $90.8 million. Parent company Vivendi attributed revenue growth in part to a strong release schedule that included albums by Madonna, Nicki Minaj, Van Halen, Gotye, Lana Del Rey and Germany’s Unheilig. » Full Story
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Deezer Signs Worldwide Licensing Deal With Merlin
May 11, 2012
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Record Labels
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Global
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Legal & Management
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Indies
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Digital & Mobile
Streaming service Deezer has signed a global licensing deal with independent rights agency Merlin which will bring labels, including Warp, Yep Roc, Epitaph, Tommy Boy, !K7, Merge, Koch to the digital platform. Meanwhile, in an interview with .Biz, Merlin CEO Charles Caldas stated his vigorous opposition to the EMI-Universal merger. » Full Story
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