UNIVERSAL MUSIC SLIDES IN ‘07; DOLLAR DOESN’T HELP

Posted by Torrent in MP3 players
04
Mar
2008

Universal Music Organisation suffered the formidable 2007, interjection to the bubbly beverage of disastrous factors.   Parent association Vivendi forked to an annual distinction dump of sixteen. 1 percent to 624 million euros($ 946. 6 million), distributed as EBITDA( benefit prior to seductiveness, taxes, debasement, as well as amortization).   The falling dollar vexed the result, as well as increase totalled during consistent currencies forsaken the some-more medium twelve. 9 percent.

But alternative factors were additionally in fool around, together with the large dump in CD sales.   But digital revenues increasing by 51 percent during consistent currencies, according to the organisation, as well as 2006 featured the vital, one-time benefit.    Meanwhile, revenues remained often level, slipping the some-more medium 1. 7 percent, as well as essentially mending 3 percent during consistent currencies.

The benefit story for the fourth entertain showed the 7. 1 percent dump to 289 million euros($ 438. 4 million), the 3. 5 percent dump during consistent currencies.

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