pandemic reports record Music

Universal Music's Midyear Earnings Were Just OK on Paper, But Pretty Good for During the Pandemic

Reading now: 750
www.billboard.com

grew subscription revenue 2% and advertising revenue dropped 11.5% from Q1 to Q2, Pandora’s advertising revenue fell 17% from Q1 to Q2, and YouTube’s Q2 revenue -- on all videos, including music -- dropped about 6% from Q1.

Asked about the subscription-advertising revenue breakdown, the company pointed to IFPI’s global data for 2019: 75% of streaming revenue came from subscriptions and 25% from ad-supported audio and video services.Publishing also carried Universal in the first half of the year, accounting for 52.7% of the company’s revenue growth.

Read more on billboard.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA