A strong end to 2010 gave Universal Music Group a 9.9% increase in revenue in the fourth quarter, according to financial details released by Vivendi. After losses in 2009, the earnings are back on par with 2008 revenues.
RootMusic, a service that offers artists its BandPages marketing tool for the Facebook platform, has just received a new round of financing. The company also just hired Chirs Wiltsee, formerly of the Recording Academy and AMP, to head-up business development.
Live Nation reported a net loss of $124 million on revenue of $1.24 billion in the fourth quarter of 2010, the company revealed on Monday afternoon. Its full-year net loss was $228 million on revenue of $5.06 billion.