Comments      Leave a Comment
      MORE Industry News

Lady Gaga

Lady Gaga’s “ARTPop” album last fall certainly didn’t give Universal Music Group any pop.

Gaga’s fourth-quarter flop helped cut Universal’s revenue in the period 9.3 percent, the company said in a report Tuesday.

The tough Japanese economy — which accounts for 25 percent of global music sales — also hurt Earnings before interest, tax and amortization, or Ebita, was off 11.1 percent, or 7.8 percent on a constant-currency basis. The tough quarter cut profits for the year by 2.9 percent, to $702 million (511 million euros). They were up 1.4 percent on a constant-currency basis, the company said. Full-year revenue rose 7.5 percent to $6.7 billion (4,886 million euros) or 12.8 percent when adjusted for currencies. For the year, Universal Music’s best-selling albums were from EMI’s Katy Perry and Interscope’s Eminem. Read more…

Comments

Ernieball Rewards
Featured
Sonata Kay
Buzz Track: World War Sonata Kay is a London-based singer/songwriter. She is currently recording her debut EP and playing live shows in and around London. Thi...
Read More
Kings Picks
The Dance
Buzz Track: Cheers Check out the brand new video "Cheers" by NYC-based group The Dance. The Dance" is a 3-man group consisting !llmind, acclaimed EDM vocalist...
Read More
Industry News
The Top 8 Emerging Artists
Emmy Bachmann - Stranger Kit Walters - Your Ghost Colin Huntley - Best I Never Had The Silent Scene - Collecting Hearts Sydney Leigh - Crazy Beautiful The C...
Read More
Interviews
Steve Rennie and The Value of a Good Education
  He was an aspiring golf pro turned law student who went on to manage one of the most successful names in modern rock. Today he is inviting the entirety of ...
Read More
Follow

Home

     

About

     

Artist Promotion

     

Contact

     

Daily Readership

Copyright 2014 Kings of A&R     Website by PaleBird