Universal Music Sweden appoints Jael Steinberg as Head of International

Sony Music exec jumps to rival to take up new position in Nordics
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Universal and Sony are now turning over more than $500k from streaming every hour

And they’re both generating over $1m an hour from all formats…
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Universal now generating over $50m every week from streaming – overall label revenues jumped 7.4% in H1 2018

Publishing revenues grew 11.1% in the period
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Universal Music Group expands into Nigeria with new HQ led by Ezegozie Eze Jr.

News comes less than a week after Universal announced an expansion into French-speaking Africa
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Universal Music UK posted £10.6m operating profit last year, spent £15.7m on acquisitions

Revenues jumped 9% to more than £344.3m
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Why Sony’s EMI buyout won’t make it the world’s biggest music company – but will make it the biggest publisher

How Sony and Universal would have stacked up in the 12 months to end of March this year
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