Industry
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Universal Music Group banks $2 billion. Taylor Swift is involved in this
Universal Music Group continues to outpace the other majors with revenue rising to €1.8 billion ($2.012 billion), a 15.7% constant currency increase.
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US recorded-music business grew by 18%
With retail (consumer-spending) revenues of $5.4bn for the first half of 2019, up 18% year-on-year, while on a wholesale (trade) basis, they grew by 16% to $3.5bn.