Universal Music Group posted booming results for 2022, with revenues soaring 21.6% to nearly $10.95 billion, driven by streaming. Also in the announcement and the earnings call, the company revealed that it has expanded its project with Tidal to come up with a new economic model for streaming to include Deezer. “Streaming has evolved in a way that undervalues the critical contributions of many artists as well as the engagement of many fans,” Grainge said.
