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The company went public on the New York Stock Exchange and was incorporated as MCA Inc. on November 10, 1958. [11] A couple of years later, Alfred Hitchcock gave MCA his rights to Psycho and his television anthology in exchange for 150,000 shares, making him the third largest investor in MCA, and his own boss at Universal.
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The company went public on the New York Stock Exchange and was incorporated as MCA Inc. on November 10, 1958. [11] A couple of years later, Alfred Hitchcock gave MCA his rights to Psycho and his television anthology in exchange for 150,000 shares, making him the third largest investor in MCA, and his own boss at Universal.
The U.S. arm of Britain's Decca Records was established in New York in 1934 [1] In 1937, the owner of Decca, Edward R. Lewis, chose to split off the UK Decca company from the U.S. company (keeping his U.S. Decca holdings), fearing the financial damage that would arise for UK Companies if the emerging hostilities of Nazi Germany should lead to war – correctly foreseeing World War II.
The expensive merger created what is today, the biggest major music company, Universal Music Group. [4] On time for New Year's Day 1999, Universal Music combined the operations of MCA sister labels Interscope Records and Geffen Records with PolyGram subsidiary A&M Records. The combined labels were altogether consolidated into an umbrella unit ...
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UMPG was formerly known as MCA Music Publishing until it merged with PolyGram in 1998 when Seagram acquired PolyGram for $10.4 billion. [5] PolyGram's music business was merged into Seagram's MCA Records. The merger was effected in January 1999, forming a new company named Universal Music Group.