![]() ![]() 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. Although the movie studio and the music business share a common history, today the former is part of Comcast and the latter an independent commercial entity. The company's origins go back to the formation of the American branch of Decca Records in September 1934 and its name and company logo originates from Carl Laemmle's Universal Pictures. Historyįor 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. The company went public on September 21, 2021, at a valuation of €46 billion. Pershing Square Holdings later acquired ten percent of UMG prior to its IPO on the Euronext Amsterdam stock exchange. 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 multinational music corporation under Dutch law. "With their high production value and in-depth understanding of how producers and editors work, they have created an impressive catalogue that we are very proud to represent."Įarlier this year Universal Production Music announced a shake-up in its leadership structure, making a series of key appointments.Universal Music Group N.V. "Jeff and his team are a credit to the production music world," she said. Welcoming the latest addition to Universal Publishing Production Music’s expansive catalogue, managing director Jane Carter praised the firm whose credits recently included the trailer music for Star Wars: Rogue One. We are focused on the emotional power of music, and Universal gets that." "Their wide reach and tremendous reputation in the media world is second to none. We began our catalogue in the UK and we are thrilled to have the best home there now," said Liquid Cinema founder Jeff Rona. "We are incredibly excited that Universal Production Music will be working with us in the UK. It includes the Liquid Cinema Music Library, and Inside Tracks, which provides music for TV, adverts and digital needs, among its catalogue. The company licenses tracks for use in film, trailers, television, sports, commercials and various other uses, works with composers, producers and songwriters. Universal Production Music UK has signed a production music deal with licensing company Liquid Cinema. ![]()
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