July 24, 2017 3:19 PM ET

Media

Company Overview of Universal Music Group, Inc.

Company Overview

Universal Music Group, Inc., a music company, is engaged in recorded music, music publishing, merchandising, and audiovisual content in the United States and internationally. It identifies and develops recording artists and songwriters; and produces, distributes, and promotes music. The company offers a catalog of recordings and songs across every musical genre. In addition, it provides digital marketing and social media agency services to artists, brands, and festivals. Universal Music Group, Inc. was formerly known as MCA Music Entertainment Group, Inc. and changed its name to Universal Music Group, Inc. in 1996. The company is headquartered in Santa Monica, California with additional offi...

2220 Colorado Avenue

Santa Monica, CA 90404

United States

Phone:

310-865-5000

Fax:

310-865-7096

Key Executives for Universal Music Group, Inc.

Chairman, Chairman of Management Board and Chief Executive Officer
Age: 57
President and Chief Operating Officer
Chief Financial Officer, Executive Vice President and Member of Executive Management Board
Member of Executive Mgmt Board & President of Italy, Middle East & Africa
Member of Executive Mgmt Board, Chairman & CEO of Universal Music UK & Ireland
Compensation as of Fiscal Year 2017.

Universal Music Group, Inc. Key Developments

Universal Music Mulls IPO

Vivendi SA (ENXTPA:VIV) is weighing initial public offering (IPO) of its Universal Music Group, Inc.

Universal Music Group and Tencent Music Entertainment Group Announce Signing of Landmark Licensing Agreement

Universal Music Group and Tencent Music Entertainment Group announced the signing of a landmark licensing agreement that will significantly expand the Chinese music market. Under the terms of the multi-year agreement, TME will distribute music from UMG's roster of record labels and global recording stars on its streaming platforms QQ Music, KuGou and Kuwo. TME will also be UMG's master distribution and licensing partner to exclusively sub-license UMG's content to third-party music service providers in China. Both parties will work together to find new ways to develop artists, to innovate business models and to reinforce a robust copyright protection environment. In addition, TME will support UMG artists to promote their music, leveraging Tencent online properties and other media channels.

Bankers Push Vivendi To Consider IPO For Universal Music

Universal Music Group, Inc., part of Vivendi SA (ENXTPA:VIV), ), is now worth about €20B, So say the investment banks hoping to convince Vivendi to float part of the unit in an initial public offering. Bankers are telling Vivendi that selling 10-15% would provide funds for its appetite for acquisitions, Reuters reports.

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