Industry May 18, 2026
UMG CFO: Downtown Will Add 15 to 20 Million Euros to Virgin Music Group Revenue in the Coming Years
Virgin Music, physical distribution and publishing are currently growing at faster rates than the much larger recorded music division, Matt Ellis said.
Originally published by
Billboard
The CFO of UMG, Matt Ellis, stated that Downtown is projected to contribute between 15 and 20 million Euros to Virgin Music Group's revenue in the upcoming years. Ellis also noted that Virgin Music, along with physical distribution and publishing, are currently experiencing growth rates exceeding that of the larger recorded music division. Originally reported by Billboard.