FYI/TMI: UMG Earnings Dip, Psy Joins Madonna In N.Y.

Universal Music Group earnings down 2.5 percent; Korean pop star joins Material Girl onstage for "Gangnam Style"
  • Photo: Don Arnold/
  • Photo: Tim Mosenfelder/Getty Images
November 14, 2012 -- 10:22 am PST


UMG Earnings Down
Universal Music Group reported a 2.5 percent decrease in earnings before interest, taxes and amortization to $302 million for the first nine months of 2012, according to Revenue increased 2.1 percent to $3.68 billion due in part to an 8.6 percent increase in digital sales and licensing income. The label is predicting a $158 million annual increase next year when figures are included from its recent acquisition of EMI Music.


Madonna's "Gangnam Style" … And Bum
Madonna is the latest celebrity to go gaga for "Gangnam Style." The Material Girl was joined by Psy during a concert on Nov. 13 in New York to perform the Korean pop star's viral hit. Madge noted during the show that Psy flew "all the way from Frankfurt, Germany" for the performance. During an earlier concert in New York on Nov. 12, Madonna surprised her audience again as she bared her bum in an effort to raise funds for victims of Hurricane Sandy. After reportedly taking off her top to reveal the words "no fear" written across her back, the singer pulled down her bottoms and told the audience, "Get over my naked a** and give me some money." At the end of the night, Madonna's naked behind collected $3,000. Would you bare your bum for charity?

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