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Streaming boosts Vivendi’s Universal Music Group 2020 revenues to €7.43bn

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2 years ago

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By Emmanuel LegrandFrench media and entertainment group Vivendi posted revenues of EUR16.09 billion in 2020, up 1.2% compared to 2019, thanks in part to good performances of Universal Music Group, books division Editis, and pay-TV unit Canal+ Group, offsetting declines in the company's advertising division Havas Group and Vivendi Village, both affected by the Covid-19 pandemic. The company said that solid growth in the first quarter of 2020 (+4.4% at constant currency and perimeter) was followe...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Creative Industries

Utopia Music reorganises and bids farewell to current CEO Markku Mäkeläinen

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12 hours ago

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February 1, 2023

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Utopia Music has announced a raft of leadership changes — including the departure of CEO Markku Mäkeläinen — amid a reorganisation that will see the Swiss-based music company split into two entities, Music Services and Royalty Platform

The company said the new structure is "aimed at refocusing on its core," in order to "drive sustainable growth and deliver ‘Fair Pay for Every Play’."

Utopia's Markku Mäkeläinen

"The new management team — all promoted from within the company — will lever...

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Rob Gross joins marketing agency The Syndicate as SVP, Label Services

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12 hours ago

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February 1, 2023

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Entertainment marketing agency The Syndicate has hired music industry veteran Rob Gross as SVP, Label Services. Based in Los Angeles, Gross reports to Jon Landman, Partner and CEO of The Syndicate, and to the other partners — Tracey Zucatti, Chris Elles and Graham Rothenberg.

In the newly created role, Gross will offer "full-scale project management for album releases and sales for all pillars of the company’s services in radio, marketing, and PR." As part of the agreement, Gross Rob will be...

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Big Machine’s Jake Basden joins Sandbox Entertainment Group as President

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15 hours ago

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February 1, 2023

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Former Big Machine Label Group Senior Vice President of Communications Jake Basden has joined full service artist management company Sandbox Entertainment Group as President.

At Sandbox, Basden will work alongside Founder, Chairman and CEO Jason Owen, with a focus on integrating marketing, imaging, perception and opportunities across platforms. Basden left BMLG a few weeks ago after 12 years with the Nashville-based company.

Sandbox's roster includes Kacey Musgraves, Kate Hudson,...

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