Universal Music Group

Universal Music Group N.V.[3] (often abbreviated as UMG and referred to as just Universal Music) is a Dutch–American multinational music corporation. UMG's corporate headquarters are located in Hilversum, Netherlands and its operational headquarters are located in Santa Monica, California.[4][5] The biggest music company in the world,[6] it is one of the "Big Three" record labels, along with Sony Music and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion[7][8][9] and acquired an additional ten percent stake in January 2021.[10] Pershing Square Holdings later acquired ten percent of UMG prior to its IPO on the Euronext Amsterdam stock exchange. The company went public on September 21, 2021 at a valuation of €46 billion.[11][12]

Universal Music Group N.V.
Formerly
TypePublic (N.V.)
Euronext Amsterdam: UMG
ISINNL0015000IY2
Industry
FoundedSeptember 1934; 87 years ago (1934-09)
Headquarters
Hilversum, Netherlands (corporate)
Santa Monica, California
,
United States (operational)
Area served
Worldwide
Key people
ServicesMusic publishing
Revenue 5.984 billion (US$6.83 billion) (2021)[1]
Owners
Number of employees
8,319 (2018)[2]
DivisionsList of Universal Music Group labels
Websitewww.universalmusic.com

In 2019, Fast Company named Universal Music Group the most innovative music company and listed UMG among the Top 50 most innovative companies in the world[13] and "amid the music industry's digital transformation, Universal is redefining what a modern label should look like."[14] UMG has signed licensing agreements with more than 400 platforms worldwide.[15]


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