Universal Music Group

Universal Music Group

American music corporation
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Universal Music Group (also known in the United States as UMG Recordings, Inc. and abbreviated as UMG) is an American global music corporation that is a subsidiary of the French media conglomerate Vivendi. UMG's global corporate headquarters are located in Santa Monica, California. It is considered one of the "Big Three" music companies, along with Sony Music and Warner Music Group. Since 2004, the corporation is no longer related to the film studio Universal Studios. In 2019, Fast Company named Universal Music Group the most innovative music company and listed UMG among the Top 50 most innovative companies in the world and "amid the music industry's digital transformation, Universal is redefining what a modern label should look like." UMG has signed licensing agreements with more than 400 platforms worldwide.

Formerly
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Type
Subsidiary
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Industry
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Predecessor
MCA Inc., PolyGram Edit this on Wikidata
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Founded
September 1934; 85 years ago (1934-09)
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Founder
Universal Pictures Edit this on Wikidata
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Headquarters
Santa Monica, California, US
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Area served
Worldwide
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Key people
Lucian Grainge
(Chairman & CEO)
Boyd Muir
(CFO)
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Products
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Revenue
Increase US$ 7.1 billion (2018)
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Net income
9,700,000,000 United States dollar (2017) Edit this on Wikidata
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Number of employees
8,319 (2018)
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Parent
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Divisions
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Website
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