Vp Cfo News Today

UNIVERSAL MUSIC GROUP N.V. first quarter 2023 revenue rose 11.5% year-over-year to €2.451 billion, with EBITDA falling 42.5% (43.4% in constant currency) to €261 million, driven by €261 million in non-cash share-based compensation expenses in 2023, compared to €1 million in 2022. Adjusted EBITDA was yo 14.6% to €522 million (13% in constant currency).Recorded Music revenue rose 11.7% to €1.923 billion (9.6% in constant currency)., with subscription revenue up ...

UNIVERSAL MUSIC GROUP has launched VIRGIN MUSIC GROUP as a new global division of label and artist services businesses, led by mtheory co-founders JT MYERS and NAT PASTOR as co-CEOs, reporting to Chairman/CEO Sir LUCIAN GRANGE. The division will include VIRGIN MUSIC LABEL & ARTIST SERVICES (formerly a division of CAPITOL MUSIC GROUP), INGROOVES MUSIC GROUP, and mtheory ARTIST PARTNERSHIPS (acquired by UMG, which is not buying mtheorys MANAGER SERVICES business).GRAINGE said, "In ...