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Universal Music Group Q4 Earnings Up 10 Percent, According to Early Report

“Universal Music Group will see a 10 percent growth in earnings in its fourth quarter, according to an early guidance report issued by parent company Vivendi” writes Colin Stutz for billboard.com. The report also notes a nearly a 20 percent boost in overall earnings before interest, taxes, depreciation and amortization (EBITDA).Other opportunities for growth include licensing deals inked with China’s leading digital music platform Tencent last May and Facebook in December — the first of any majors.
 
Source: billboard.com



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