By Tim Dams
Vivendi Weighs Impact of Coranavirus as Universal Music Drives Growth in Q1
20.04.2020 - 12:33 / variety.com
By Tim Dams
French entertainment and advertising giant Vivendi provided an update on the impact of coronavirus on its wide-ranging business interests this morning, as it posted quarterly results showing 4.4% revenue growth on a fixed currency basis to €3.87 billion ($4.2 billion) for the period from January to March.
Universal Music Group (UMG) and Canal Plus Group owner Vivendi said its revenues for the first three months of 2020 had been “little affected” by the consequences of the Covid-19
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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