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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.
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.
MCA Records continued to live on as a label within the Universal Music Group. The following year, G. P. Putnam's Sons was sold to the Penguin Group subsidiary of Pearson PLC. In 1996, Universal Studios filed a lawsuit against Viacom over the latter's launch of the TV Land cable network.
UPDATED: In a long-rumored move, Virgin Music Group, the independent music division of Universal Music Group, announced today it has entered into a definitive agreement to acquire Downtown Music ...
Driven by big releases from Morgan Wallen, Taylor Swift, Tomorrow X Together, Drake and others, Universal Music Group saw its revenues rise 11.5% year over year to $2.71 billion in the first ...
Hollywood's top music label is struggling to grow in the ultra-competitive streaming market. Shares of Netherlands-based Universal Music Group (), which represents A-list artists like Taylor Swift ...
Universal Music Group (UMG) owns, or has a joint share in, many of the record labels listed here.. According to the UMG official website, the main labels are Abbey Road Studios, Capitol Music Group, Decca Records, Def Jam Recordings, Deutsche Grammophon, EMI, Interscope-Geffen-A&M, Island Records, Mercury Records, Motown Records, Polydor Records, Republic Records, Verve Label Group, and Virgin ...
In its latest earnings report, Universal Music Group touted top-selling acts including Taylor Swift, the Rolling Stones, Drake, Jung Kook and Stray Kids with a revenue increase of 9% for a total ...