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March 21, 2005 ../ Universal Posts First Profit in Four YearsVivendi Universal (Universal) posted its first profit in four years. The reversal is the direct result of lower debt, cost cutting measures and a rebound in the sales of Universal's top music artists. Universal, the world's largest record label, reported a profit of 338 million Euro last year almost five times the 2003 numbers.In addition to the increased profits, Universal's market share grew from 23.5% of the total market in 2003 to 24.7% in 2004. Although downloads and ringtones only account for about 2% of the overall revenue, the profit margins are far greater than CD sales. Strong revenues from releases by Eminem and U2 also sparked the turnaround. The Future: With Vivendi able to lower its interest payments on its massive debt of 20 million Euro, the company was able to open its belt one notch and swing to profitability. However, it was the Universal Music Group that bounced back after years of dwindling sales - demonstrating that effective cost cutting and investments in new delivery mechanisms can be handsomely rewarded.
Copyright © 2004 Futuremusic® All Rights Reserved. |
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 As the name correctly implies, Experiments In Sound, is Futuremusic's latest endeavor for pushing electronic music technology to the very edge of what's possible. Experiments In Sound grew out of Futuremusic's avant-garde events in New York City that featured DJ's taking mixing and live sound reinforcement to a whole new level with the very latest gear and software. Now Experiments In Sound has become The Ultimate Mix Contest...
After the tremendous success of our groundbreaking The Next Big Thing DJ Contest, Futuremusic has decided to once again create a new paradigm...
TestDrive will feature the lab results of our DJ Experiments so that everyone can get in on the action. Take the latest electronic music releases, mix vigorously
with bleeding-edge DJ production technology in a large beeker, and then cook the hell out of it!
Futuremusic wants to thank everyone who participated in The Next Big Thing 2004. John Digweed, Beatport, Alienware, M-Audio, Native Instruments, IK Multimedia, PVDJ, PK Graphics, Ableton, The DubHouse, Propellerheads, Technics, FreeFloat, The Church, PCDJ and every DJ who entered this year's event thank you. From the sheer number of quality mixes, we can tell you that dance music is thriving in the United States. The amount of outstanding talent and creativity really blew us away, and every DJ who's putting their heart, mind and soul behind the music is a winner. John Digweed has made his decision and the winner is... Think you got skills?? Then start practicing! The Next Big Thing 2005 will kick off at the end of the summer!!
News Archives
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