We all know that Internet is bad for music, right? Let’s face it, the ever increasing popularity of bootlegging has sent our beloved billion-dollar music industry crumbling on its knees. Hundreds have already lost their jobs and label honchos are now forced to settle for just 1 swimming pool in their backyard, instead of the industry standard 2. That’s what happens when you have a bunch of 15-year old kids in their pajamas downloading busloads of free music with lemonade-coated fingers.

Turns out that some hack is relentlessly trying to convince us that Internet has done some good for once. Hear this: Universal actually gained 5% in revenues due to digital and mobile downloads!

In his interview with the Financial Times, Jean-Bernard Lévy, CEO of Vivendi and owner of the world’s largest label Universal Music Group, claimed that his label seen revenues increased by 5 percent on a constant currency basis in the first half of the 2008.

Hit up arstechnica to see a year-over-year chart of revenue change in the 3rd quarter of 2008, if you’re so inclined.