Universal Music International Div.
Universal Music Group (UMG Recordings, Inc.) (UMG) is the largest music corporation in the world. An American-based, French-owned multinational music corporation, it currently operates as a subsidiary of Paris-based media conglomerate Vivendi. UMG also owns Universal Music Publishing Group, which is the second largest music publishing company in the world. Universal Music Group's global corporate headquarters are located in Santa Monica, California.
Universal Music was once the music company attached to film studio Universal Pictures. Its origins go back to the formation of the American branch of Decca Records in 1934. The Decca Corporation of England spun American Decca off in 1939. MCA Inc. merged with American Decca in 1962. The present organization was formed when its parent company Seagram purchased PolyGram and merged it with Universal Music Group in 1998. However, the name first appeared in 1996 when MCA Music Entertainment Group was renamed Universal Music Group. The PolyGram acquisition included Deutsche Grammophon which traces its ancestry to Berliner Gramophone making Deutsche Grammophon UMG's oldest unit. UMG's Canadian unit traces its ancestry to a Berliner Gramophone breakaway firm the Compo Company.Source: Wikipedia
|Divisions:||List of Universal Music Group labels|
|Founded:||1934 (as Decca Records USA)|
1989 (MCA Music Entertainment Group formed)
1996 (first UMG incarnation from MCA Records)
1998 (second UMG incarnation from PolyGram)
|Headquarters:||Santa Monica, California United States|
|Industry:||Music & entertainment|
|Key people:||Lucian Grainge: Chairman & CEO|
Boyd Muir: CFO
Max Hole: Chairman & CEO of UMG International
Universal Studios (1996–2006)
|Revenue:||$6 billion (2010)|