Within these stats, its publishing division was no slouch, either.
According to new Vivendi data reported in Paris today, UMG’s publishing revenues reached €792m ($876m) in 2016, up 4.8% on 2015 in real terms, and up 6.7% at constant currency/perimeter.
No wonder Universal Music Publishing Group CEO Jody Gerson (pictured) has been repeatedly publicly praised by her boss, Sir Lucian Grainge.
Gerson took over UMPG on January 1, 2015.
In the two years she’s been running the business, Universal’s annual publishing revenues have grown 17.7% – up from €673m ($745m) in 2014 to last year’s figure.
Another impressive way of looking at things: Universal’s publishing revenues in 2016 were nearly double what they were a decade previously, with €406m generated in 2006.
(Although it’s obviously worth pointing out that UMPG agreed to buy the ‘old’ BMG‘s publishing arm for €1.63bn in September 2006.)
All EUR/USD currency conversions (including figures from previous years) taken at 2016 average yearly rate.Music Business Worldwide