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| Friday, 3 January, 2003, 12:32 GMT Eminem cheers troubled Vivendi ![]() Eminem has made Universal a hit Troubled media giant Vivendi Universal finally has something to smile about after it sold more CDs than any of its competitors and increased its market share last year. Eminem's latest album helped Universal grab 28.8% of the US market, the biggest in the world, according to Nielsen Sound Scan.
The major labels blame the sluggish economy and free downloading on the internet through services such as Kazaa for the weak sales. Vivendi's Universal Music Group saw its market share rise to 29% from 26%. Vivendi Universal assets, including Universal Studios and Universal Music, have been the subject of sell-off rumours in the past months. Franco-American Vivendi has been disposing of assets to reduce its 19bn euros (�12.4bn; $19.7bn) of debt. The company's share price fell 74.2% last year and it is being investigated by financial regulators in France and the US. Country music Universal's Detroit-based rapper-turned-actor sold 7.6 million copies of his latest album, 'The Eminem Show' making it the biggest seller of 2002. The label dominated the top of the charts, with rapper Nelly's 'Nellyville' coming in second with 4.9 million units sold. Eminem's '8 Mile' soundtrack was in fifth place, Ashanti's self-titled album in seventh, and Shania Twain's 'Up' in ninth, said Sound Scan. Universal's music division accounts for about 19% of Vivendi's media-related revenues, the company said in November. The semi-autobiographical movie '8 Mile', telling the story Eminem's life and produced by Universal Studios, shot to number one in the US box office in November and took more than $114m. Despite the success of rap and hip hop, country music was the only style that increased sales last year, gaining 12% on 2001, Sound Scan said. | See also: 03 Jan 03 | Entertainment 27 Dec 02 | Entertainment 12 Dec 02 | Business 26 Nov 02 | Business Internet links: The BBC is not responsible for the content of external internet sites Top Business stories now: Links to more Business stories are at the foot of the page. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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