UMG Profit, Revenue Falls In 2009

UMG Profit, Revenue Falls In 2009
Universal Music Group reported a profit of $786.7 million in 2009, down 15.5 percent from the prior year, and a 6.2 percent drop in revenue to $5.92 billion. Digital sales for the year rose 8.4 percent, while music publishing revenue increased 1.7 percent and merchandising revenue increased 24.6 percent. Despite the yearly loss, UMG reported a fourth-quarter profit of $421.8 million. (3/2)

Music Represents 31 Percent Of YouTube Videos
Music makes up the most popular category in representing 31 percent of all YouTube videos, according to a report from social media analytics firm Sysomos. The report analyzed 2.5 million YouTube videos and blogs embedded with videos from July to December 2009. Michael Jackson and health care were the most popular YouTube topics, and the top three music videos were Pitbull's "I Know You Want Me (Calle Ocho)," and Miley Cyrus' "Party In The U.S.A." and "The Climb." (3/2)

Kelleher To Head Warner Classic & Jazz
John Kelleher has been appointed the newly created role of head of Warner Classic & Jazz. Kelleher will manage day-to-day operations for the label, whose roster includes GRAMMY-winning artists John Coltrane, Plácido Domingo and Dizzy Gillespie, among others. He will report to Warner Music UK CFO Simon Robson. (3/2)

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