Tuesday, 2 September 2008
Vivendi games licence income staunches UMG losses
This blog has previously noted the potentially positive impact of video game licensing for owners of music copyright portfolios. Today's Telegraph contains a further example when it reports that rising income from video games has offset declining music sales at entertainment group Vivendi, according to its second quarter reporting. This has given it the opportunity to cancel what seemed an inevitable rights issue. Vivendi, which controls the works of artists such as Amy Winehouse and the Rolling Stones through its Universal Music Group, showed a 5.3% fall in recordings sales, but its Vivendi Games, mobile phone operator SFR and France's Canal Plus divisions all recorded sales increases over the same period.