charts discussion UMG's Top Q1 Sellers: Encanto OST #1, The Weeknd #3, Taylor, Stromae

[Hector]

Q1 2022

 

Recorded Music revenues for the first quarter of 2022 were €1,721 million, up 16.0% compared to the fourth quarter of 2021, or 11.3% in constant currency. Subscription and streaming revenue grew 19.9% year-over-year, or 14.6% in constant currency, with subscription revenue up 18.3% year-over-year, or 13.4% in constant currency, and ad-supported streaming revenue up 25.1% year-over-year, or 18.4% in constant currency.  Physical revenue showed another quarter of strong growth, increasing by 11.3% year-over-year, or 8.7% in constant currency, on improvements in both CD and vinyl sales, led by King & Prince, Fujii Kaze, Ado, Stromae and Taylor Swift.  Downloads and other digital revenue were down 16.0% year-over-year, or down 20.0% in constant currency, as download sales continue their industry-wide decline. License and other revenue improved 14.4% year-over-year, or 10.1% in constant currency, as a result of improvements in synchronisation revenue.  Top sellers for the quarter included releases from Disney’s ‘Encanto’ Soundtrack, King & Prince, The Weeknd, Fujii Kaze and Ado, while top sellers in the prior-year quarter included King & Prince, Morgan Wallen, The Weeknd, Justin Bieber and Ariana Grande.

 

https://www.universalmusic.com/universal-music-group-n-v-reports-financial-results-for-the-first-quarter-ended-march-31-2022/

 

Encanto & The Weeknd slaying  Stromae & Taylor representing the physical sales boosts

 

Japan representing 3 of the top 5 sellers  

Edited May 3, 2022 by Hector

[yamiyuuuu]

And Abel's vinyls are coming this week

King Behavior

[Taylor fanboy]

UMG is so recouping that alleged contract with Taylor Swift with ease.