Vivendi (EPA: VIV), the France-based media giant and parent of Universal Music Group, has reported its first half 2008 and Q208 earnings, and its revenues totaled €11.2 billion ($17.7 billion), compared to €10.2 billion ($16 billion) for the first half 2007. For Q2, Vivendi’s revenues totaled €5.98 billion ($9.35 billion) compared to €5.2 billion ($8.15 billion) a year earlier. Out of the units: Universal Music Group saw a 2.4 percent decline in revenues, while Vivendi Games saw the largest revenue drop, at 11.2 percent.

On UMG side, for H108, it had revenues of €2 billion ($3.12 billion), which is 2.4 percent decline in actual currency compared to the same period last year. It had a 33 percent increase in digital sales at constant currency. For Q208, UMG had revenues of €1.01 billion ($1.58 billion), which is a 5.3 percent decline in actual currency compared to the same period last year. More details in release here.