Piracy blamed for Universal profits fall

THE record company behind U2 and Jedward has blamed piracy and illegal downloading for a fall in profits at its Irish operations.

According to accounts filed for Universal Music Ireland Ltd pre-tax profits dropped from €2.5 million to €1.9m last year.

The company made €10.3m from the sale of CDs, down from €11.2m the previous year.

You have reached your article limit. Already a subscriber? Sign in

185 years of the Irish Examiner

185th
Anniversary Offer

Six months of digital access for €18.50

No obligation. Ts&Cs apply.

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited