Tuesday, January 13, 2009

UMG Claims Mobile Revenue Easily Exceeds $100mil per Year

According to a CNET Q&A with Universal Music Group's digital topper Rio Caraeff mobile represents 40-45% of UMG's digital business. Digital revenues grew 33% for UMG in 2008. Revenues from music videos on YouTube were 10s of millions. He also indicated that early returns from T-mobile's Android device were encouraging.

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