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November 25, 2015 4:41 PM ET


Company Overview of Universal Music Group, Inc.

Company Overview

Universal Music Group, Inc. provides recorded music, music publishing, and merchandising services in North America, Europe, Latin America, Asia Pacific, and worldwide. It discovers and develops songwriters, and owns and administers copyrights to musical compositions for use in recordings, public performances, and related uses, such as films and advertisements; and sells artist and music branded products through multiple sales points including online, fashion retail, and live performances worldwide. The company was formerly known as MCA Music Entertainment Group, Inc. and changed its name to Universal Music Group, Inc. in 1996. Universal Music Group, Inc. was incorporated in 1998 and is headq...

2220 Colorado Avenue

Santa Monica, CA 90404

United States

Founded in 1998





Key Executives for Universal Music Group, Inc.

Chairman, Chairman of Management Board and Chief Executive Officer
Age: 55
President and Chief Operating Officer
Chief Financial Officer, Executive Vice President and Member of Executive Management Board
Member of Executive Management Board, Chief Executive Officer of Universal Music France and President of Italy, Middle East & Africa
Member of Executive Management Board, Chairman of Universal Music UK & Ireland, and Chief Executive Officer of Universal Music UK & Ireland
Compensation as of Fiscal Year 2015.

Universal Music Group, Inc. Key Developments

Universal Music Group Reports Earnings Results for Third Quarter and Nine Months Ended September 30, 2015

Universal Music Group reported earnings results for third quarter and nine months ended September 30, 2015. For the quarter, the company’s revenues were €1,181 million against €1,094 million a year ago. Income from operations was €99 million against €131 million a year ago. EBITA was €88 million against €121 million a year ago. For the nine months, the company’s revenues were €3,492 million against €3,097 million a year ago. Income from operations was €278 million against €290 million a year ago. EBITA was €259 million against €274 million a year ago.

Universal Music Group Appoints Eric Berman as Executive Vice President of Public Affairs

Universal Music Group announced that Eric Berman has been appointed as Executive Vice President of Public Affairs, effective immediately. In this position, Berman will have responsibility for public policy and government relations globally. He will report jointly to Jeffrey Harleston, General Counsel and Executive Vice President of Business & Legal Affairs, and Will Tanous, Executive Vice President of Communications. Berman has more than a decade of experience counseling clients in the music industry in his role at the public relations firm Kekst and Company, where he worked since 1997.

Universal Music Group Announces Executive Appointments

Universal Music Group announced that Andrew Kronfeld has been promoted to Executive Vice President, Marketing for UMG and will be based at the company's Santa Monica headquarters. Previously, Kronfeld served as president of global marketing for UMG's international division in London. In this new role, Kronfeld will work directly with UMG's labels in managing the interaction and coordination of artist repertoire across the new regional hub structure, insuring that artists are receiving the ideal marketing and creative development resources to grow their careers. Michele Anthony, Executive Vice President of UMG, will add to her current responsibilities oversight of the company's Canadian operations led by Universal Music Canada president and CEO Jeffrey Remedios as well as the company's U.S. catalog division led by Universal Music Enterprises president and CEO Bruce Resnikoff. Boyd Muir, in addition to his role as UMG's Executive Vice President and Chief Financial Officer, will oversee Bravado, UMG's global merchandising company led by Tom Bennett and Eagle Rock, the UK-based producer and distributor of music programming led by Terry Shand. In addition, Jeffrey Harleston's role, which previously included serving as General Counsel and Executive Vice President of Business & Legal Affairs for North America, has been expanded to include UMG's worldwide operations. Michael Nash as Executive Vice President, Digital Strategy, to oversee UMG's digital business development activities around the world. Effective November 2, 2015 Nash, who will report to Grainge, will serve as a member of the Executive Management Board and work closely with all UMG's operating units providing a critical link between digital strategy and operational execution.

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