January 29, 2015 8:36 AM ET

Media

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

Phone:

310-865-5000

Fax:

310-865-7096

Key Executives for Universal Music Group, Inc.

Chairman
Age: 54
President and Chief Operating Officer
Chief Financial Officer and Executive Vice President
Chairman of Global Operations Outside Us and Chief Executive Officer of Global Operations Outside Us
Chief Executive Officer of Vevo
Compensation as of Fiscal Year 2014.

Universal Music Group, Inc. Key Developments

Universal Eyes Acquisitions

Universal Music Group, Inc. is looking for acquisition opportunities. Max Hole, Chairman and Chief Executive Officer of Universal Music, said that Universal Music plans to grow both organically and through acquisitions and joint ventures in India over the next 5-10 years as it eyes the top spot in the industry.

Universal Music Group Names Andy Fixmer as Vice President, Global Communications

Universal Music Group has named Andy Fixmer to the role of Vice President, Global Communications, effective immediately. Fixmer, who previously worked at Bloomberg Businessweek and Mashable, among other news outlets, will be based at the company's Santa Monica headquarters and report to Will Tanous, Executive Vice President and Head of Global Communications. He will work with the company's corporate team, its labels and operating companies around the world on helping communicate the company's business strategy, public policy initiatives and financial performance, as well as on internal communications.

Havas Group and Universal Music Group Form Global Music Data Alliance

Havas Group and Universal Music Group announced the formation of the Global Music Data Alliance (GMDA), a unique partnership that will enable the billions of data points that UMG and its artists generate through music, ticket and merchandising sales, streaming, social media and airplay to be aggregated and contextually analyzed by Havas' world-class algorithmic and data scientists. The result will provide new revenue opportunities for UMG artists and labels by creating powerful marketing and advertising opportunities for brands. As part of the initiative, UMG's proprietary data across multiple artists and genres will be layered with Havas' behavioral data to allow for a greater understanding of the correlation among artists, music fans and brands. This data includes not only music and video sales and streaming, but also social media and airplay, and even merchandising data from Bravado, UMG's merchandising division, and ticket sales data from Vivendi Ticketing, which provides ticketing services for select UMG artists and events. The result is a comprehensive view of music and music related consumption across a range of platforms.

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