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Universal Music Group

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Universal Music Group

<tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;">Image:Umg.png</td></tr>

Type Private
Founded 1998
Headquarters Santa Monica, California and
Broadway, New York City
Image:Flag of the United States.svg United States

<tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Doug Morris, CEO</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Music entertainment</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Revenue</th><td>Image:Red Arrow Down.svg€4.989 billion (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Net income</th><td>Image:Green Arrow Up.svg€480 million (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Parent</th><td>Vivendi SA</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Website</th><td>Universal Music</td></tr>

Universal Music Group (UMG), formerly MCA Music Entertainment Group, is the largest business group and family of record labels in the record industry. With a 25.5% market share, it is one of the Big Four record labels.

In February 2006, the group became 100% owned by French media conglomerate Vivendi SA when Vivendi purchased the last 20% from Matsushita, the group's sole owner from 1990 to 1995 and co-owner from 1995 to 2006.

UMG's record labels have some of the world's biggest artists including Shania Twain, Bon Jovi, Jay-Z, Mariah Carey, Eminem, Luciano Pavarotti, U2, Kanye West, and The Game. It also owns one of the largest music publishing businesses of the world, the Universal Music Publishing Group.

"Universal Music" was once the music company attached to film studio Universal Pictures; its history is long and complex [1], which was merged with NBC to form NBC Universal, with Vivendi SA retaining a 20 percent stake.

The present organisation was formed when its parent company Seagram purchased PolyGram and merged it with UMG in 1998. Seagram merged with Vivendi SA in 2000 to form Vivendi Universal (now Vivendi SA).

In the United States UMG is located in Santa Monica, California, and New York City, New York along with Universal Music Group Nashville,and in the UK a number of offices in London.

On September 6, 2006 it was announced that Universal Music will purchase BMG Music Publishing, for €1.63 billion, subject to regulatory approval. [2]

Contents

[edit] Record labels

UMG owns, or has a joint share in, a large number of record labels, including:

[edit] Interscope-Geffen-A&M

[edit] The Island Def Jam Music Group

[edit] Universal Motown Records Group

[edit] Universal Music Classics Group

[edit] Universal Music Group Nashville

[edit] Verve Music Group

[edit] Other

[edit] Independent labels distributed by Universal

Universal Music Group also owns local "Universal" labels in Australia, Brazil, Canada, Colombia, the Czech Republic, Finland, Germany, Hong Kong, Hungary, Ireland, India, Italy, Japan, Korea, Mexico, the Netherlands, Norway, Poland, Portugal, Romania, Russia, Spain, Switzerland and Turkey.

[edit] Pay for play

In May 2006, an investigation led by New York attorney general Eliot Spitzer concluded with a determination that Universal bribed radio stations to play songs from Ashlee Simpson, Brian McKnight, Big Tymers, Lindsay Lohan and other performers working for Universal labels. The company paid $12 million to the state in settlement. <ref>Garrity, Brian (2006-05-11). UMG Settles With Spitzer. Mediaweek. Retrieved on 2006-07-05.</ref>

[edit] External link

[edit] Notes

<references/>es:Universal Music Group fr:Universal Music Group it:Universal Music Group nl:Universal Music Group ja:ユニバーサルミュージック (米国) pt:Universal Music Group ru:Universal Music Group fi:Universal Music Group zh:环球唱片

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