Umg Company Profile

Aggregated data from the web about Umg

Company Name	Umg
Website	universalmusic.com
Snippet	Universal Music Group (also known in the United States as UMG Recordings, Inc. and abbreviated as UMG) is an American global music corporation that is majority owned by the French media conglomerate Vivendi as Chinese tech company Tencent owns a minority stake. UMG's global corporate headquarters are located in Santa Monica, California. The biggest music company in the world,[3] it is one of the "Big Three" record labels, along with Sony Music and Warner Music Group. Ten percent of Universal Music Group was acquired by Tencent in January 2020 for US$3 billion.[4][5]
Type	Subsidiary
Owners	Vivendi (90%), Tencent (10%)
Country	sweden
Founded	1934
Founder	Universal Pictures
Revenue	US$ 7.1 billion (2018)[1]
Website	universalmusic.com
Formerly	Decca Records (USA Business) (1934–1971), MCA Records (1971–1989), MCA Music Entertainment Group (1989–1996)
Industry	Music, Entertainment
Products	Music and entertainment
linkedin	linkedin.com/company/united-media-group
Divisions	List of Universal Music Group labels
Key people	Lucian Grainge(Chairman & CEO) Boyd Muir(CFO)
Net income	9,700,000,000 United States dollar (2017)
size_range	201 - 500
Area served	Worldwide
Predecessor	MCA Inc., PolyGram
Headquarters	Santa Monica, California, US
Number of employees	8,319 (2018)[2]

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