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# LABEL NEWS: Universal Posts Impressive Gains & WMG Rumored To Move East In Cost Cutting Move
- URL: https://www.hypebot.com/label_news_univ/
- Published: 2006-03-01T17:12:00.000Z
- Updated: 2006-03-01T17:12:00.000Z
- Description: Universal Music reported earnings today showing a surprisingly strong increase in earnings from $428 Million to $570 million and predicted more (although smaller) growth next year. Read a BusinessWeek online. Continue reading [https://www.hypebot.com/hypebot/2006/03/label_news_univ.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:10

[![Universallogo_14](https://hypebot.typepad.com/hypebot/images/universallogo_14.gif "Universallogo_14")](http://hypebot.typepad.com/photos/uncategorized/universallogo%5F14.gif?ref=hypebot.com)

Universal Music reported earnings today showing a surprisingly strong increase in earnings from $428 Million to $570 million and predicted more (although smaller) growth next year. Read a BusinessWeek online story [here](http://www.businessweek.com/ap/financialnews/D8G2OMJ80.htm?campaign%5Fid=apn%5Fhome%5Fdown&chan=db&ref=hypebot.com) and the Vivendi Universal press release [here](http://www.vivendiuniversal.com/vu/en/files/PR060301%5FR%C3%A9sultats2005.pdf?ref=hypebot.com).

[![Warner_music_group_logo_10](https://hypebot.typepad.com/hypebot/images/warner_music_group_logo_10.gif "Warner_music_group_logo_10")](http://hypebot.typepad.com/photos/uncategorized/warner%5Fmusic%5Fgroup%5Flogo%5F10.gif?ref=hypebot.com)

Meanwhile, [rumors continue to fly](http://www.hitsdailydouble.com/news/rumormill.cgi?ref=hypebot.com) that Warners will shutter it’s Burbank offices and move operations entirely to NYC in a cost cutting move.

**UPDATE –**Hypebot has independently confirmed from WMG insiders that moving the operations to NYC is "just a matter of time" and virtually everyone inside the company is trying to figure out if they will be offered a job in the Big Apple.