Destiny Media Tech Inc (DSNY)

[DoughDiligence]

Examining Universal Music Group Growth This Year

Vivendi SA is the parent of Universal Music Group.
Vivendi SA spent 1.9 billion to acquire EMI.
Vivendi SA intends to sell their ownership stake in a Communication company in North Africa to raise 7 billion to pay down debts. When a sale occurs, Vivendi SA will have more free cash to invest in growing its other divisions.

2nd Quarter Earnings Report: revenues down except for this.
EBITA: Good performances of GVT [Division] (+19.3%) and Universal Music Group (+18.2%).

http://www.vivendi.com/wp-content/uploads/2012/08/20120830_PR300812_First_Half_2012_Earnings.pdf

3rd quarter revenues will be out soon.
4th quarter revenues will include the EMI acquisition.

Vivendi SA seems intent on growing the Music business - therefore Destiny revenues will rise through greater UMG sales efforts.

1st Quarter results were - Increase in revenues from all other activities (except Activision Blizzard division).
EBITA: Very satisfactory performance from Universal Music Group (+47.8%) and GVT [Division] (+28.9%).

http://www.vivendi.com/wp-content/uploads/2012/05/20120514_VIV_PR-1Q-2012.pdf

Everything is looking good for Universal Music Group and Destiny revenues.