The company's origins go back to the formation of the American branch of Decca Records in September 1934. įor history prior to 1996, see MCA Records Early history 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. Pershing Square Holdings later acquired ten percent of UMG prior to its IPO at Euronext Amsterdam. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021. The biggest music company in the world, it is one of the " Big Three" record labels, along with Sony Music and Warner Music Group. UMG's corporate headquarters are located in Hilversum, Netherlands and its operational headquarters are located in Santa Monica, California. (often abbreviated as UMG and referred to as just Universal Music) is a global music corporation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |