Feeds

Universal label shows digital gains, praises Spotify

CD sales still heading south, though

Intelligent flash storage arrays

Universal Music, the world's biggest record label, said digital revenues grew eight per cent in 2009, even though revenue was €4.6bn, 6.2 per cent down on 2008.

The company said it made cost cuts to keep profits on course. Publishing was steady while merchandise sales grew 25 per cent.

A brief paragraph says it's fully behind MusicStation and Spotify. The latter isn't so surprising: Universal Music is an investor in the ambitious streaming music startup.

Parent Vivendi Universal grossed almost €27bn, in revenue for 2009, but music is only a small part of that. Call of Duty: Modern Warfare 2 alone snagged almost $1bn of that. Total losses for the last quarter of the year were €958m ($1.3bn).

Vivendi flogged off US TV network NBC in the year. The company also made a half billion Euro provision against a lawsuit payout, alleging mismanagement between 2000 and 2002. ®

Strange but true: Vivendi began life as the Parisians' sewage monopoly Compagnie Générale des Eaux, in 1853. It used the water and waste pipelines to move into telecoms, and then pay TV (Canal+), finally flogging off the sewage business ten years ago.

Intelligent flash storage arrays

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.