Revival of vinyl records helps Universal Music increase revenues to €26.3m

Company sold more records and increased income from streaming services

Universal Music Ireland Ltd counts Taylor Swift, Dermot Kennedy, Picture This and U2 amongst its roster of stars.

The significant resurgent growth in the popularity of vinyl records contributed to sales at the Irish arm of music giant, Universal Music increasing by 17 per cent to €26.3m last year.

Universal Music Ireland Ltd counts Taylor Swift, Dermot Kennedy, Picture This and U2 amongst its roster of stars and new accounts show that the company recorded almost a five fold increase in pre-tax profits to €607,818 on the back of the increase in revenues.