UMG's Digital Income Growth

It was reported this week Universal Music Group recently hit a digital "tipping point", in which their digital income for the first 6 months of the year exceeded 50% of the company's revenue. A boom in streaming income played a large part in UMG's recent 15.2% growth in recorded music revenue, and "digital music revenues were up 7.3% year-on-year at constant currency and perimeter." Physical sales over the past 6 months declined 7.4%. Read more on UMG's digital growth and recorded music revenue here.