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Universal Music Group
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Universal Music Group (UMG), formerly MCA Music Entertainment Group, is the largest business group and family of record labels in the recording industry. With a 25.5% market share, it is one of the Big Four record labels.
UMG's record labels have many of the world's biggest artists [1] including Shania Twain, Bon Jovi, Elton John, Method Man, Tupac Shakur, Aaliyah, Jay-Z, Mariah Carey, Eminem, Dr. Dre, Diana Ross, Reba McEntire, Luciano Pavarotti, U2, Kanye West, and 50 Cent. UMG owns one of the largest music publishing businesses of the world, the Universal Music Publishing Group.
In the
United States UMG is located in
Santa Monica, California, and
New York City, New York along with
Universal Music Group Nashville,and in the UK a number of offices in London.
History
"Universal Music" was once the music company attached to film studio Universal Pictures. The present organization was formed when its parent company Seagram purchased PolyGram and merged it with UMG in 1998. Seagram merged with Vivendi SA in 2000 to form Vivendi Universal (now Vivendi SA).
In February 2006, the group became 100% owned by French media conglomerate Vivendi SA when Vivendi purchased the last 20% from Matsushita, the group's sole owner from 1990 to 1995 and co-owner from 1995 to 2006.
On September 6, 2006 it was announced that Universal Music will purchase BMG Music Publishing (to become Universal Music Publishing Group), for €1.63 billion, subject to regulatory approval. [1]
Labels
UMG owns, or has a joint share in, a large number of
record labels, including:
Stand alone labels
Independent labels distributed by Universal
Labels outside of the USA
Pay for play
In May 2006, an investigation led by New York attorney general Eliot Spitzer concluded with a determination that Universal bribed radio stations to play songs from Ashlee Simpson, Brian McKnight, Big Tymers, Lindsay Lohan and other performers working for Universal labels. The company paid $12 million to the state in settlement.
[2]
See also
External link
- ^ http://www.universalmusicgroup.com/Artists.aspx?Index=0
- ^ Garrity, Brian (2006-05-11). UMG Settles With Spitzer. Mediaweek. Retrieved on 2006-07-05.
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