Universal is generating over $11m every day from streaming

Universal Music Group generated €921m, or $1.02bn, in recorded music streaming revenues in the last quarter od 2019, and it's overall revenues in 2019 – across recorded music, publishing and other activities – hit €7.16bn ($8.04bn), according to Music Business Worldwide. That revenue number was up 14.0% year-on-year at constant currency and perimeter, recorded music streaming revenues leapt up by 21.5% in calendar 2019 to €3.33bn ($3.73bn). This means that streaming contributed some 59.1% of UMG’s total recorded music revenues in 2019, and physical recorded music revenues also grew in 2019 - up 3.1% year-on-year to €1.01bn ($1.14bn). Biggest money-makers: Billie Eilish, Post Malone, Taylor Swift, Ariana Grande, and 'A Star Is Born' OST.