News came in during the week courtesy of Vivendi, the French outfit who now own Universal Music Group, about the profits of UMG. Has the pandemic badly hit the amount of money they’re making?
The figures from the report that Vivendi published the other day says not.
In the meantime, artists are being told by streaming companies that they won’t pay them any more money, and record labels are happily continuing to benefit from analogue age contracts in a digital age.
And people wonder why music is in the state it is…