Universal Music Group (UMG) Inks Long-Term Agreements With Republic Records Founders Monte Lipman & Avery Lipman

 Universal Music Group (UMG) Inks Long-Term Agreements With Republic Records
                     Founders Monte Lipman & Avery Lipman


PR Newswire

NEW YORK, Feb. 4, 2013

NEW YORK, Feb. 4, 2013 /PRNewswire/ --Universal Music Group (UMG), the
world's leading music company, has signed new long-term agreements with
Republic Records founders Monte Lipman and Avery Lipman as they become
Chairman & Chief Executive Officer and President & Chief Operating Officer,
respectively, of the company they started as an independent label in 1995. The
announcement was made today by UMG Chairman & Chief Executive Officer Lucian
Grainge, and UMG Chairman & CEO of East Coast Labels Barry Weiss.

"Monte and Avery have established themselves as one of the industry's most
formidable creative teams," stated Mr. Grainge. "They are truly world class
music executives who have rewritten the rules for breaking new talent. We
couldn't be more delighted that they will continue building Republic as a home
for truly inventive artists."

"Monte and Avery are two of the most entrepreneurial, effective, street smart,
creative leaders in the music industry," commented Mr. Weiss. "Their track
record is unparalleled. They constantly think out of the box and their results
speak for themselves. This is great for them and for Universal Music Group,
and is just the beginning of their next chapter."

"We work every day towards building a culture that supports the artist
community and the entrepreneurial spirit that shapes our company," added Monte
and Avery. "The unparalleled support of Lucian and Barry for Republic
continues to inspire us to be competitive, while serving the needs of our
extraordinary artists, venture partners, and dynamic executives."

Most recently, Republic Records scored chart-topping releases with Of Monsters
and Men, The Weeknd (XO), and Grammy-nominated Florence + the Machine. The
label is also responsible for Record of the Year nominee Gotye, and his
multi-platinum record "Somebody That I Used to Know" [Featuring Kimbra], in
addition to the worldwide phenomenon, "Gangnam Style" by the South Korean
rapper, PSY (Schoolboy Records.)

Republic also expanded into the very lucrative areas of film and television,
scoring hits with the smash NBC-TV hit series The Voice and partnering with
the network's Saturday Night Live for Andy Samberg's 'The Lonely Island' and
AMC's The Walking Dead. Republic also released three of this year's five
Oscar-nominated Best Original Songs with "Suddenly" by Hugh Jackman in Les
Miserables, Norah Jones "Everybody Needs a Best Friend" in TED, and Scarlett
Johansson and Joshua Bell "Before My Time" in Chasing Ice (Lava Records). In
addition, they've already achieved extraordinary success with Lions Gate's The
Hunger Games, Quentin Tarantino's Django Unchained (Loma Vista) and this
year's Oscar host, the multi-talented Grammy-nominated Seth MacFarlane.

Monte and Avery were also among the first to realize the importance of
collaborating with entrepreneurial ventures to expand their creative
investment. To date they have enjoyed long-standing and highly successful
partnerships and strategic alliances with many of the industry's leading
independent labels, including Cash Money Records (Lil Wayne, Drake, Nicki
Minaj, Tyga), Big Machine (Taylor Swift), Brushfire Records (Jack Johnson),
Republic Nashville (The Band Perry, Eli Young Band, Florida Georgia Line),
Lava Records (Jessie J, Black Veil Brides), XO (The Weeknd), American
Recordings (The Avett Brothers), School Boy Records (PSY) and Loma Vista
(Soundgarden), among others.

Upcoming Republic releases include new albums from Akon, Black Sabbath, Colbie
Caillat, The Hunger Games: Catching Fire Soundtrack, Lil Wayne (Cash Money
Records), Enrique Iglesias, Jessie J (Lava Records), Kid Cudi, Austin Mahone
(Chase), Nelly, The Voice's Cassadee Pope, Kelly Rowland, Drake (Young
Money/Cash Money Records), Damian Marley (Tuff Gong), The Band Perry (Republic
Nashville), Nicki Minaj (Young Money/Cash Money Records), 3 Doors Down, The
Lonely Island, The Weeknd (XO) and Tyga (Young Money/Cash Money Records),
among others.

About Republic Records
A division of Universal Music Group, the world's leading music company,
Republic is home to an all-star roster of multi-platinum, award-winning
legends and superstar artists such as 3 Doors Down, Akon, Amy Winehouse, Black
Sabbath, Colbie Caillat, Eddie Vedder (Monkeywrench), Enrique Iglesias,
Florence + the Machine, Godsmack, Kelly Rowland, Kid Cudi, Mika, Nelly, Owl
City, The Voice (NBC-TV), Gotye, Of Monsters & Men, Mayer Hawthorne, among
many others.

It is comprised of innovative imprints and digital business ventures including
Republic Nashville (The Band Perry, Eli Young Band, Florida Georgia Line),
Cash Money Records (Lil Wayne, Drake, Nicki Minaj), American Recordings (The
Avett Brothers), Lava Records (Jessie J, Black Veil Brides), Aware Records
(Mat Kearney), Brushfire (Jack Johnson, G. Love), Tuff Gong (Damian Marley),
XO (The Weeknd), Loma Vista (Soundgarden) among others.

About Universal Music Group
Universal Music Group is the global music leader, with wholly owned operations
in 60 territories. Its businesses also include Universal Music Publishing
Group, one of the industry's premier music publishing operations worldwide.

Universal Music Group's record labels include A&M/Octone, Angel, Astralwerks,
Blue Note, Capitol Records, Decca, Def Jam Recordings, Deutsche Grammophon,
Disa, Emarcy, Fonovisa, Geffen Records, Interscope Records, I.R.S., Island
Records, Lost Highway Records, Machete Music, Manhattan, MCA Nashville,
Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Republic
Records, Universal Music Latino, Verve Music Group and Virgin Records, as well
as a multitude of record labels owned or distributed by its record company
subsidiaries around the world. The Universal Music Group owns the most
extensive catalogue of music in the industry, which includes the last 100
years of the world's most popular artists and their recordings. UMG's
catalogue is marketed through two distinct divisions, Universal Music
Enterprises (in the U.S.) and Universal Strategic Marketing (outside the
U.S.). Universal Music Group also includes Global Digital Business, its new
media and technologies division and Bravado, its merchandising company.

Universal Music Group is a fully owned subsidiary of Vivendi.

SOURCE Universal Music Group

Contact: Maria Ho-Burge, +1-212-331-2569, Maria.Ho-Burge@umusic.com
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