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UMG – digital music sales climb 8.4%

Digital music sales continue to grow, the latest results from giant major label, Universal Music confirm.

Issuing its full year results this week, parent company Vivendi revealed that digital sales in its music division grew 8.4% last year (Results release, PDF link).

Despite this area of growth, revenues at Universal were down 6.2% from 2008 to €4.36bn. Digital, however, grew 8.4% despite the company reporting a “softening demand for mobile products in the United States and Japan”.

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