By Jem Aswad Senior Music Editor During a quarter that saw that onset of a global pandemic, Universal Music Group’s recorded music revenues grew more than 13% to $1.56 billion and its streaming revenues reach nearly $1 billion, up 16.5% year over year.
The results were posted as part of the quarterly earnings for its parent company, Vivendi. The company’s overall revenues — also including music publishing and its Bravado merchandise division — hit $1.95 billion, up 12.7%, according to Music Business Worldwide.
Quarterly physical sales dipped slightly (-1.4%) to $216 million and licensing revenues rose 7.4% $210 million. Publishing saw revenues of $298 million, up 17.7%.
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