Universal Music in the context of Hilversum


Universal Music in the context of Hilversum

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⭐ Core Definition: Universal Music

Universal Music Group N.V. (often abbreviated as UMG and referred to as Universal Music Group or Universal Music) is a Dutch-American 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 before 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, formerly Vivendi Universal, the Bolloré family's investment company). The company went public on September 21, 2021, at a valuation of €46 billion.

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

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Universal Music in the context of Decca Records

Decca Records is a British record label established in 1929 by Edward Lewis after his acquisition of a gramophone manufacturer, The Decca Gramophone Company. It set up an American subsidiary under the Decca name, which became an independent company just before the Second World War. The American spin-off became a subsidiary of MCA Inc. in 1962. Known for its technical innovations, the British parent company grew to become the second most successful recording company in Britain and celebrated fifty years of existence in 1979, shortly before being sold to PolyGram. Both Decca and its former subsidiary were subsequently acquired by Universal Music.

Decca and its American spin-off both built up strong catalogues of popular music. In their first two decades, their artists included Gertrude Lawrence, George Formby, Jack Hylton and Vera Lynn in Britain and Bing Crosby, Al Jolson, the Andrews Sisters and the Mills Brothers in the US. Later performers in their popular catalogues included in the US Bill Haley & His Comets and Buddy Holly plus in the UK Elvis Presley (licensed from RCA Records), Tommy Steele, Lonnie Donegan, Chuck Berry (licensed from Chess Records), Johnny Cash (licensed from Sun Records), Eddie Cochran (licensed from Liberty Records), and the Rolling Stones.

View the full Wikipedia page for Decca Records
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