Universal Music Group
Dutch–American music corporation / From Wikipedia, the free encyclopedia
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Universal Music Group N.V.[3] (often abbreviated as UMG and referred to as just 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.[4][5] The biggest music company in the world,[6] it is one of the "Big Three" record labels, along with Sony Music and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion[7][8][9] and acquired an additional ten percent stake in January 2021.[10] Pershing Square Holdings later acquired ten percent of UMG prior to its IPO on the Euronext Amsterdam stock exchange. The company went public on September 21, 2021, at a valuation of €46 billion.[11][12]
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 UMG's operational headquarters in Santa Monica, California | |
| Formerly |
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|---|---|
| Type | Public (N.V.) |
| Euronext Amsterdam: UMG | |
| ISIN | NL0015000IY2 |
| Industry | |
| Founded | September 1934 |
| Headquarters | , United States (operational) |
Area served | Worldwide (except for Russia & Belarus) |
Key people |
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| Services | Music publishing |
| Revenue |  €8.504 billion (US$10.06 billion) (2021)[1] |
| €1.399 billion (US$1.65 billion) (2021)[1] | |
| Owners |
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Number of employees | 8,319 (2018)[2] |
| Divisions | List of Universal Music Group labels |
| Website | www |
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[13] and "amid the music industry's digital transformation, Universal is redefining what a modern label should look like."[14] UMG has signed licensing agreements with more than 400 platforms worldwide.[15]