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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 DutchAmerican 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]

Quick facts: Formerly, Type, Traded as, ISIN, Industry...
Universal Music Group N.V.
Formerly
TypePublic (N.V.)
Euronext Amsterdam: UMG
ISINNL0015000IY2
Industry
FoundedSeptember 1934; 88 years ago (1934-09)
Headquarters
Hilversum, Netherlands (corporate)
Santa Monica, California
,
United States (operational)
Area served
Worldwide (except for Russia & Belarus)
Key people
ServicesMusic publishing
Revenue 8.504 billion (US$10.06 billion) (2021)[1]
€1.399 billion (US$1.65 billion) (2021)[1]
Owners
Number of employees
8,319 (2018)[2]
DivisionsList of Universal Music Group labels
Websitewww.universalmusic.com
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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]