Thanks to artists like Drake, Rihanna, and Ariana Grande, UMG posted record revenues. But the company has something else to thank: streaming music.
Digital Music NewsThis number is probably well past $6 million - a DAY - at this stage. UMG valued at roughly $40 BILLION, plus no. 3 major label WMG revenues are pushing $4 bln a year. Fun times in the music biz!