.UMG's revenues passed $7.7 billion in 2019
Recorded music revenues were up 11.6% year over year, while the publishing division's revenues increased 9.2%, both at constant currency.
In addition, according to Vivendi's presentation to shareholders posted online, an initial public offering for Universal Music Group is “currently planned for early 2023 at the latest.” Last week, the Warner Music Group announced plans for an IPO of its own. Within recorded music, perhaps the most surprising number was that physical music sales increased 3.1%, a marked change from years of decline in the format. Download sales continued their decline, down 23.2%, though the growth in physical offset the losses in digital sales, according to Vivendi's press release.
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