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# Unviversal’s Morris Hypes The Markets: ’07 Will Be “Best Year Ever”
- URL: https://www.hypebot.com/unviversals_mor/
- Published: 2006-12-01T07:42:31.000Z
- Updated: 2006-12-01T07:42:31.000Z
- Description: Despite a general malaise hovering of the record industry powerful label veteran Doug Morris predicts that his Universal Music Group will have a banner year in 2007. "I think that. Continue reading [https://www.hypebot.com/hypebot/2006/12/unviversals_mor.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:10

Despite a general malaise hovering of the record industry powerful label veteran Doug Morris predicts that his Universal Music Group will have a banner year in 2007.

> "I think that next year we’re going to have our best year,"Morris said  
> at the Reuters Media Summit in New York. "I think our revenues and our  
> profits will be the best we’ve

[![Doug_morris_2](https://hypebot.typepad.com/hypebot/images/doug_morris_2.jpg "Doug_morris_2")](http://hypebot.typepad.com/photos/uncategorized/doug%5Fmorris%5F2.jpg?ref=hypebot.com)

ever had." He believes Universal Music will benefit from new albums by Eminem, 50 Cent and two albums from Mariah Carey.  
  
"You  
can see there are myriad streams of income starting to come into the  
record companies," said Morris. "We’re going to make money from  
MySpace, we’re going to  
make money from YouTube, we’re going to make  
money from Zune…we will make tremendous amount of money from  
telephones."

[![Universal_8](https://hypebot.typepad.com/hypebot/images/universal_8.jpg "Universal_8")](http://hypebot.typepad.com/photos/uncategorized/universal%5F8.jpg?ref=hypebot.com)

Is this hype for investors or does Morris really believe that a few recycled superstars and money from new technologies and new media will replace revenue lost to file sharing and disinterest?

Read more from Morris’ interview at the Reuters Media Summit and grab some audio [here](http://blogs.reuters.com/2006/11/28/audio-universals-morris-says-artists-deserve-payment/?ref=hypebot.com). Other highlights include settling Universal’s MySpace lawsuit and asking Apple for a royalty on every iPod.