Universal Music Feels the Sting from Streaming Saturation

UMG's subscription revenue grew at a rate of 6.9% for Q2, missing analysts' 11% prediction, while streaming revenue fell 4%, blaming it on deceleration and deal renewals timing.

The saturation point of subscription streaming in mature markets like the US affects revenue growth; focus shifts to monetizing fandom in the music industry for sustainability.

Read at The Daily Upside