Universal Music Group posted relatively small gains in the second quarter but stronger ones for the half year that ended June 30, with its publishing division seeing 11%-plus year-over-year gains in both categories.
Recorded music posted solid mid-year gains, although merchandise took a big dive that the company executives explained was an expected drop after the bounty from Taylor Swift’s 2023-24 “Eras” tours.
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Top recorded-music sellers for the first half of the year included Lady Gaga, Morgan Wallen, Sabrina Carpenter, Kendrick Lamar and the Weeknd.
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Overall for the quarter, UMG posted revenue of
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