Universal Music Parent Vivendi Reports Earnings Boost

Vivendi, owner of Universal Music Group, posted a 16 percent rise in earnings for the first quarter of the fiscal year. Chief Financial Officer Philippe Capron said that they “can see some impact of the recession on our activities, but most are protected by subscriptions.” Primarily the millions of subscribers to World Of Warcraft, the online multiplayer game from Vivendi-owned Activision Blizzard. Continue reading...