By Tim Dams
20.04.2020 - 18:47 / hollywoodreporter.com
French entertainment and telecom conglomerate Vivendi on Monday said its first-quarter revenue rose 11.9 percent, or 4.4 percent assuming constant currencies, to $4.20 billion (3.87 billion euros) on the strength of its music division.
It also provided an update on the business effects of the novel coronavirus pandemic, including the fact that it is "affecting all of Canal+ Group’s revenue sources." Vivendi said that its first-quarter revenue was "little affected by the consequences of the
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LONDON – Universal Music Group's revenues grew to €1.77 billion ($1.9 billion) in the first quarter of 2020, up 13% at constant currency and perimeter thanks to big-selling new releases from Justin Bieber, Eminem, The Weeknd and Japanese pop group King & Prince.UMG owner, French media and telecom conglomerate Vivendi, reports that the COVID-19 pandemic had only a "limited impact" on its earnings during the first three months of the year when group revenues totaled €3.87 billion ($4.2 billion), a