“Universal Music Group Ceo Lucian Grainge Sees Future Growth for His Own Major Music Label and more Coming from New Partnerships with Top Streaming Platforms. Talking to Wall Street Analysts After The Release of UMG’s Four Quarter Results, Grainge Said the Years”, – WRITE: www.hollywoodReporter.com
Talking to Wall Street Analysts After The Release of Umg’s Fourth Quarter Results, Grainge Said The Years Partnerships with Global Music Streaming Platforms Like Amazon, Apple and Spotify.
“Where they go, we go with them, hand in handing, investing in local Talent,” Grainge told Analysts Dringing A Conference Call. The UMG Boss Welcomed New Multi-Year Licensing Deals with Spotify and Amazon Music. “TheSE Agreements Provide for New Paid Subscript Tiers, The Bundling of Music and Non-Music Content and A Richer Audio and Visual Content Catalog that, Sonfeitrs, Song. alike. ”
The Deals Are Part of Umg’s Streaming 2.0 Plan, The Music Label’s Strategy to Boost Music Streaming Revenues Through Subscripts and Exclusive Content. They ALSO AIM AT WORKING TOGETCHER TO TACKLE UNLAWFUL AI-GENERATED CONTENT AND Other Infringments of Copyright and IP Ownership.
Durying the Fourth Quarter to Dec. 31, 2024, UMG SAW Overall Revenue Rise 7.2 Percent to € 3.4 Billion (US $ 3.68 Billion), While Adjusted Ebitida Rose 18 Percent To € 799 Million (US $ 862.4 Million) Year Over. Recorded Music Revenue Rose 6 Percent to € 2.56 (US $ 2.76 Billion) During the Fourth Quarter.
In that citegory, subscript and streaming revenue Grew 4.6 Percent for the Quarter To € 1.6 Billion (US $ 1.79 Billion. Streaming Revenue Fell 5.1 Percent Year-Over-YEAR Monetized Video Streaming Platforms to Short-Form Platforms.
“While this Creates An Opports A Medium Term As Short Form Video Monetization by the Platforms Improves… We Expecked Continued Near Term Press on this Revenuen Line Line Line Line Told Analysts.
Durying The Call, UMG Execs Faced A Host of Questions About How they would enters Future Revenue Growth, Given The Majoor Label’s Increase Reliance on Music Streaming Platform. Unique Audiences and Content Offings.
“IT’s The Stickiness of Our Music and Our Libraies and Our Catalog and Our Global Reach, Whosh Is We’re ABLE TO ACTUALY BUILD The ECOSYSTEM,” Grainge. Michael Nash, Executive VP and Chief Digital Officer, Talked About Product Bundling and Taking Advantage of Interactive Technology Like Alexa to Boost Overall Revenues.
“There’s A Continuing Way of Innovation That We’ve Seen Really Transforms Our Business and Transforms The Digital Landscapes, In Particular, Over The Last Decade, and We Anticipate that Grows, ”Nash Argued.