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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 .
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.
In 2012, the recorded music operations of EMI were sold to the Universal Music Group and the world headquarters were re-established in the Capitol Tower in Hollywood as part of the subsequent reorganization of the Capitol Music Group. Steve Barnett, previously an employee of Columbia, was hired as chairman and CEO of the division. [19] [20]
In November 2012, Steve Barnett was announced as the new Chairman and CEO of the Capitol Music Group and the company stated his office would be in the building. [21] This coincided with Capitol Music Group becoming part of Universal Music Group, assuring its new parent company two Los Angeles headquarters.
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 ...
UPDATED: Universal Music Group, the world’s largest music company, and Spotify, the world’s largest paid streaming service, announced on Sunday new, multi-year agreements for recorded music ...
Universal Music CEO Lucian Grainge issued a letter to UMG employees on Thursday to announce a restructuring of its current operating model. In the memo obtained by Variety, Grainge writes the move ...
Former headquarters in Santa Monica. Universal Music Publishing Group (UMPG) is a global music publishing company and is part of the Universal Music Group.Universal Music Publishing has been ranked the #1 music publisher in market share by Billboard for multiple consecutive quarters.