Universal - week 1

 Universal Music Group (UMG)

 

·      The biggest music company in the world

·      Founded in September 1934

·      As of 2018, its revenue is $7.1 billion

·      80% of it is owned by the French media company, Vivendi, and 20% is owned by the Netherlandish company, Tencent-Led Consortium

·      One of the ‘big three’ record labels, along with Sony music and warner music group

·      They own and operate a broad array of businesses engaged in recorded music, music publishing, merchandising, and audio-visual content in more than 60 countries.

·      Some artists signed to UMG include Ariana Grande, Taylor Swift, Kendrick Lamar and Justin Bieber

·      UMG’s headquarters are located in the Netherlands and California

·      They own many popular labels and brands such as Def Jam recordings, Capitol and republic records