According to financial reports from parent company Vivendi, 46% of Universal Music Group’s recorded music revenues is due to streaming and subscriptions. That includes a 14.2% rise in recorded music revenue as compared to last year.
Physical sales, however, continue to fall. What’s interesting is that downloaded music revenue also fell year-over-year, being overtaken for the first time by “licensing and other” revenue.
But getting back to streaming for a moment: UMG’s recorded-music division is now pulling in $165m a month from streaming and subscriptions, while rival Warner Music’s recent financials showed that it’s generating $100m a month from this source.