Vivendi Universal Publishing’s (VUP) Games Div. said it expected ...
Vivendi Universal Publishing’s (VUP) Games Div. said it expected to report 22% sales growth in 3rd quarter ended Sept. 30. VUP said growth came “primarily” from “the Warcraft III launch on PC in July 2002 and the success of…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
The Thing and Crash Bandicoot on console.” But VUP said it expected to report overall revenue of 1.211 billion euros in quarter -- down 1% from 1.218 billion euros year ago. Result doesn’t include B&B and Health divisions sold in June, it said. Company has been looking to sell all of VUP with exception of Games division. Results reported by Vivendi Universal were only preliminary, unaudited sales figures for quarter and it plans to announce actual results later this month. Vivendi Universal also said it expected to report 9% drop in revenue in its Universal Music Group (UMG) -- to 1.3 billion euros from 1.5 billion euros year earlier. Company said: “Sales of recorded music increased slightly in constant currency terms but were offset by higher provisions for returns and lower manufacturing revenue.” It said it “increased its global market share in a difficult period for the music industry.” While U.S. -- world’s largest music market -- saw industry decline 12.4% in quarter, according to SoundScan data, company said UMG’s share of current albums “increased to an unprecedented 31.4%.” For its Vivendi Universal Entertainment (VUE), which includes company’s film and home video divisions, it expects to report 7% revenue growth in quarter to 1.3 billion euros from 1.2 billion euros in year. Not including USA Networks acquired in May, company said it expected revenue to decline 24% primarily due to fewer theatrical releases.