Vivendi CEO Sees Resurgence of Music Industry; UMG “Next Surprise for Our Investors”

Hope springs eternal in music, and it seems, in the music industry as well. Jean Bernard Levy, the CEO of Vivendi (EPA: VIV) (which owns the biggest label Universal Music Group), told FT that he sees a new age of revenue growth, especially with digital and mobile sales. He cites Nokia’s (NYSE: NOK) Comes With Music, Apple’s (NSDQ: AAPL) efforts and now MySpace Music as reasons for optimism, despite the gloom and doom in the industry. Universal, which in July reported first-half revenues up 5 percent at $3.1billion out of Vivendi

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