snoop1130 Posted March 4, 2021 Share Posted March 4, 2021 Universal Music Group generated $8.4BN in 2020... And spent over $1.7BN on catalog acquisitions and artist advances BY TIM INGHAM Sir Lucian Grainge, CEO & Chairman, Universal Music Group Universal Music Group rode out 2020 with a gentle, if significant, revenue uplift: total annual sales across all of its divisions (including publishing and recorded music) rose 4.7% YoY. But the real standout story for UMG last year – perhaps music to the ears of those hoping it will hit a ginormous valuation in the coming months – was its profit performance. In 2020, UMG posted total revenues of €7.43bn ($8.40bn), with an EBITDA of €1.49bn ($1.68bn). That represented an impressive annual EBITDA margin of 20%. Full Story: https://www.musicbusinessworldwide.com/universal-music-group-generated-8-4bn-last-year-as-ebitda-rose-20/ Link to comment Share on other sites More sharing options...
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