Elsa Keslassy International CorrespondentVivendi, the Paris-based parent company of Universal Music Group and Canal Plus Group, saw its revenues rise by 5% to €3.9 billion ($4.6 billion) during the first quarter of 2021.The company’s results were primarily bolstered by Universal Music Group whose revenues went up 9.4% thanks to the growth in subscription and streaming revenues (which was up 19.6%).
Recorded music revenues grew by 10.8%, while physical sales were up 14.8%, driven by bigger sales of new release and catalog titles.New releases from King & Prince and Justin Bieber, as well as continued sales from The Weeknd, Ariana Grande and Pop Smoke were part of the recorded music best sellers for the first quarter of 2021.
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