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Vivendi has simply introduced the fiscal outcomes of Common Music Group for Q2 – the quarter ending June 2021.
Ought to all go properly with Common’s proposed September spin-out itemizing in Amsterdam, Q2 was the final full quarter through which Vivendi can be UMG’s majority proprietor.
Little doubt, then, the French firm would wish to make it one to recollect.
It was.
For one factor, recorded music streaming income at UMG soared in Q2, up by 29.7% YoY on an natural foundation.
Quarterly recorded music streaming revenues within the interval weighed in at €1.12 billion ($1.35bn).
Common’s whole recorded music revenues (throughout all codecs) additionally rose 29.7% YoY within the quarter, as much as €1.65 billion ($1.99bn).
This rise was helped by a 72.6% YoY soar in quarterly bodily music gross sales – as much as €250m ($302m) – in addition to a 24.3% YoY rise in licensing revenue.
Music publishing revenues at UMG in Q2 have been very barely up versus the identical quarter of 2020 (+1.2%), whereas merchandise (and ‘different’) gross sales rose 67.2%.
Throughout all divisions, together with publishing and recorded music, Common Music Group posted €2.02bn ($2.44bn) in revenues in Q2… up by a whopping 25.5% YoY.
Maybe the largest story of Common’s newest outcomes, although, is the corporate’s profitability.
In keeping with Vivendi’s numbers, UMG – throughout all its divisions, together with publishing and recorded music – posted an EBITDA of €822 million within the first six months of 2021 (H1 2021), up by some 31.8% YoY.
That represented a half-year EBITDA margin of 21.5%, considerably up on an 18.8% margin in the identical interval of 2020, and a 16.9% margin in the identical interval of 2019.
In US greenback phrases, UMG’s EBITDA within the first half of 2021 (€822m) weighed in at $995 million, which means that Common cleared simply shy of a billion {dollars} in EBITDA revenue inside six months.
That salivary noise you possibly can hear is the sound of would-be UMG buyers smacking their lips in unison.
Common’s greatest revenue-generating recording artist within the second quarter of 2021, confirms Vivendi’s outcomes, was BTS.
That’s a contact complicated, as BTS is usually distributed outdoors of South Korea by Sony Music / The Orchard. Nevertheless, UMG companions with Large Hit / HYBE on the band’s Japanese-language output.
UMG’s second greatest artist in revenue-generating phrases in Q2 was Justin Bieber, adopted by (so as), Olivia Rodrigo, The Weeknd, and Pop Smoke.
Vivendi is getting ready to checklist 60% of Common Music Group on the Amsterdam inventory alternate on September 21.
The French firm at present owns 80% of UMG, having already offered 20% of the music agency to a Tencent-led consortium.
Following the Amsterdam itemizing, Vivendi is anticipated to carry on to 10% possession in UMG.
The remaining 10% can be owned by Pershing Sq. Holdings Ltd – both in its entirety, or alongside a fellow investor.Music Enterprise Worldwide
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