Universal Music Group generating $1 million per hour

Universal Music Group’s total revenues hit $2.20 billion in Q1, up 9.4% year-on-year. MBW does a breakdown of that number - $2.20bn quarterly turnover was equivalent to $24.5m a day, or $1m an hour. The star of the period, expectedly, was streaming - it generated $1.23bn, up 19.6% year-on-year.