Revenue for UMG’s recorded music catalogue from the likes of Spotify and Apple Music – across subscription and ad-funded – was up 59.7% in Q1 to$351m. However, download income was down by a mammoth 32% year-on-year – providing a comparatively weak Q1 sum of approximately $225m. That meant a dramatic reduction in download income (really, iTunes income) of around $106m compared to the same period in 2015.
Source: Streaming is paying Universal $4m a day – but iTunes income is crashing – Music Business Worldwide