Vivendi Universal reports Universal Music Group's first quarter revenues dipped 11% to $1.2 billion (€978 million).

Vivendi Universal reports Universal Music Group's first quarter revenues dipped 11% to $1.2 billion (€978 million).

The company blames the decline on tough comparative figures vs. the first quarter of last year, when results were buoyed by strong sales of 50 Cent's "Get Rich Or Die Tryin'"
Vivendi also pointed to ongoing weakness in the global music market, particularly in France, as contributing to lower revenues.

Best sellers in the quarter were the debut release from Kanye West, a Greatest Hits album from Guns N' Roses and strong carryover sales from The Black Eyed Peas, Sheryl Crow and No Doubt.

Regional best sellers included Kou Shibasaki and Spitz from Japan, Paulina Rubio from Mexico, Finland's The Rasmus and Marco Borsato from the Netherlands.

Overall Vivendi revenues fell 4% to $7.26 billion (€5.97 billion) from $7.5 billion (€6.23 billion) a year ago.

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