Universal surpasses $10 billion for the first time in history

Universal Music Group saw its overall annual revenues across publishing, records, and merch hit €8.50 billion ($10.03 billion) last year, surpassing the USD $10 billion mark for the first time in history, Music Business Worldwide reports. That figure was up 17.0% year-over-year in constant currency. Also, Universal’s total revenues on a Euro basis in 2021 (€8.50bn) were more than double the size of UMG’s annual revenues a decade earlier, in 2011 (€4.20bn).