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On 1 January 2011 he became CEO of Universal Music Group, and then chairman on 9 March 2011, succeeding Doug Morris. [11] Within his first year as chairman & CEO of Universal, the company acquired EMI's Recorded Music operations. [12] Grainge argued that selling to Universal was the only way to improve EMI, for the benefit of the entire ...
Universal Music Group N.V. [3] (often abbreviated as UMG and referred to as Universal Music Group or Universal Music) is a Dutch–American multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum , Netherlands and its operational headquarters are located in Santa Monica , California.
On December 9, 1996, the new owners dropped the MCA name; the company became Universal Studios, Inc. and its music division, MCA Music Entertainment Group, was renamed Universal Music Group (UMG), headed by Morris. In 1997, MCA Records adopted a new logo that featured the parent company's former full name, Music Corporation of America.
Republic Records is an American record label owned by Universal Music Group (UMG). Based in New York City, it was founded by Avery Lipman and Monte Lipman as an independent label in 1995, and was acquired by UMG in 2000.
In 2006, it sold off most of the Universal components and its name reverted to Vivendi. As of 2021, Vivendi's chairman Yannick Bolloré is also CEO of Havas, which was spun off from Vivendi in 2000 but has since become a subsidiary. The company is known for its stake in Universal Music Group, which it partially spun off from 2021.
Interscope Records is an American record label based in Santa Monica, California, owned by Universal Music Group through its Interscope Geffen A&M imprint. Founded in late 1990 by Jimmy Iovine and Ted Field as a $20 million joint venture with Atlantic Records of Warner Music Group and Interscope Communications, [2] it differed from most record labels by letting A&R staff control decisions and ...
On December 9, 1996, the new owners dropped the MCA name; the company became Universal Studios, Inc. [42] and MCA's music division, MCA Music Entertainment Group, was renamed Universal Music Group. MCA Records continued to live on as a label within the Universal Music Group.
Cash Money's commercial breakthrough came in 1998 when the Hot Boys–B.G. and Juvenile in particular–caught the attention of Universal Records executives. [10] Wendy Day effectively negotiated a deal between Cash Money and the Universal Music Group (UMG) subsidiary (known currently as Republic Records), which became a 70%-30% distribution ...