Annual sales were flat.
Universal Music Group's fourth-quarter revenues increased 4% to 1.76 billion euros ($2.2 billion), parent Vivendi Universal reports in a preliminary financial statement. Vivendi says that on a constant-currency basis, UMG revenues were up 8%.
For the year, UMG revenues came in flat at 4.9 billion euros ($6.3 billion). On a constant-currency basis, revenues were up 5%.
Sales of digital music, including downloads and ringtones, represented approximately 2% of UMG's full-year revenues.
UMG estimates that its worldwide market share reached 24.7% in 2004; this compares to market share of 23.5% in 2003, as measured by the IFPI. According to Nielsen SoundScan, UMG's market share grew to 29.6% in 2004 from 28.1% in 2003.
For Vivendi Universal as a whole, fourth-quarter revenues increased 5% to 5.3 billion euros ($6.9 billion); full-year revenues increased 5% to 18.8 billion euros ($24.5 billion).