In February 2006, Vivendi (which own UMG since 2000) purchased the remaining 20 percent of UMG from Matsushita Electric. This came two months after the separation of Warner Music Group from Time Warner. In May 2004, Universal Music Group was cast under separate management from Universal Studios, when French media conglomerate Vivendi sold 80% of the latter to General Electric, who subsequently merged it with NBC to form NBCUniversal. 2004: Consolidating into a Vivendi subsidiary In May 1998, Seagram purchased PolyGram and merged it with Universal Music Group in early 1999. On December 9, 1996, the company was renamed Universal Studios, Inc., and its music division was renamed Universal Music Group MCA Records continued as a label within the Universal Music Group. In 1995, Seagram acquired 80 percent of MCA from Matsushita. In November 1990, Japanese multinational conglomerate Matsushita Electric agreed to acquire MCA for $6.59 billion. of England spun American Decca off in 1939.
The company's origins go back to the formation of the American branch of Decca Records in September 1934.
įor history prior to 1996, see MCA Records Early history 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 and "amid the music industry's digital transformation, Universal is redefining what a modern label should look like." UMG has signed licensing agreements with more than 400 platforms worldwide. Pershing Square Holdings later acquired ten percent of UMG prior to its IPO at Euronext Amsterdam. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021. The biggest music company in the world, it is one of the " Big Three" record labels, along with Sony Music and Warner Music Group. UMG's corporate headquarters are located in Hilversum, Netherlands and its operational headquarters are located in Santa Monica, California. (often abbreviated as UMG and referred to as just Universal Music) is a Dutch-American music corporation.
0 kommentar(er)
