Universal Music Group

Universal Music Group N.V.
Formerly
Company typePublic
ISINNL0015000IY2
Industry
FoundedSeptember 1934 (1934-09) (American branch of Decca Records)
1972 (1972) (as MCA Records)
9 December 1996 (1996-12-09) (Current form)
Headquarters
Hilversum, Netherlands (corporate)
Santa Monica, California
,
U.S. (operational)
Area served
Worldwide (except for Russia & Belarus)
Key people
ServicesMusic publishing
Revenue 11.108 billion (US$14.7 billion) (2023)
€1.418 billion (US$1.88 billion) (2023)
Owners
Number of employees
8,319 (2018)
DivisionsList of Universal Music Group labels
Websiteuniversalmusic.com

Universal Music Group N.V. (often abbreviated as UMG and referred to as Universal Music Group or Universal Music) is a DutchAmerican multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands, and its operational headquarters are located in Santa Monica, California. The biggest music company in the world, it is one of the "Big Three" record labels, along with Sony Music Entertainment and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021. Pershing Square Holdings later acquired ten percent of UMG prior to its IPO on the Euronext Amsterdam stock exchange. The French Bolloré family still owns 28 percent of UMG (18 percent directly, and ten percent through Vivendi, the Bolloré family's investment company). The company went public on 21 September 2021, at a valuation of €46 billion.

As of April 2024, UMG's catalogue includes over three million recordings and four million compositions.