3. The Record Company

Universal Music Group

History

• Formerly known as:

• Decca Records (1934-1971)

• MCA Records (1971-1989)

• MCA Music Entertainment Group (1989-1996)

• Universal Music Group (1996-Present)

• Founded in September 1934

• May 2004- UMG was cast under separate management from Universal Studios

• June 2007- UMG acquire Sanctuary  which becomes UMG's entertainment merchandising and brand management division, Bravado

• 2008- UMG agree to make its catalogue available on Spotify

• January 1, 2011- Doug Morris steps down as CEO and Lucian Grainge takes his place

• 2011- EMI agree to sell its recored music operations to Universal Music Group for £1.2 billion

• September 21, 2012- The sale of EMI to UMG is approved however the European Commission approved under the one condition that the merged company divest one third of its total operation to other companies with a proven track record in the music industry

• March 20, 2011- UMG announce their worldwide extension of their exclusive distribution deal with the Disney Music Group, excluding Japan

• August 2013- UMG becomes the first company in the US to have nine of the Top 10 songs on the digital charts and then a few weeks later becomes the first to hold all ten of the Top 10 spots on the Billboard Hot 100 Chart

• 2014- UMG announce the disbandment  of Island Def Jam Music (one of the four operational umbrella groups within UMG), UMG purchases Eagle Rock Entertainment and produce their first movie the next year

• 2015

Ownership

• Owned by Vivendi

• CEO- Sir Lucian Grainge

Mission Statement

• To identify and develop recording artists and songwriters, and produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world

Vertical and Horizontal Integration

• Vertical:

• Some artists, such as Katy Perry, help produce their own videos using the assistance of other businesses for different stages of production

• Horizontal:

• Universal Studios, Universal Printing Company LLC, Universal Television, NBC Universal, Universal Stereo

Subsidaries

• Abbey Road Studios, Bravado, Capitol Music Group, Capitol Recordings UK, Decca Records, Def Jam recordings, Deutsche Grammophon, EMI, Interscope Records, Geffe, A&M Recordings, Island, Polydor, Republic Records, Universal Music Enterprise, Universal Music Group Nashville, Universal Music Latin Entertainment, Universal Music Publishing Group, Verve Label Group, Virgin Music Label and Artist Services 

• 2 Records, Abbey Road Studios, Aftermath Entertainment, american, Atrium, Astralwerks, Blue Note, Boominati Worldwide, Bravado, Bushfire records, Capitol Christian Music Group, Capitol Latin, Capitol Music group, Capitol Records Nashville, Capitol Records UK, Capitol Records US, Capitol Studios, Casablanca Records, Cash Money Records, The Darkroom, Decca Broadway, Decca, Decca Gold, Decca Records, Decca Records US, Deep Well Records, Def Jam recordings, Deutsche Grammophon, disc records, Dreamville, eagle rock entertainment, EMC, Edgeout records, EMI, EMI Records Nashville, Fame House, federal film, Fiction, Fonovisa Records, getting out our dreams, Harvest, Ingrooves, Interscope Records, Geffen, A&M Records, Island, KIDinaKorner, Lava, L V R N, Machete Music, Mad Live, Friends Keep Secrets, MCA Nashville, MercuryKX, Mercury Nashville, Mercury studios, Metamorphosis Music, Motwon Records, PM:AM Recordings, Polydor, polygram Entertainment, Quality Control Music, republic records, Shady Records, Spinefarm Records, Spinnup, T-Boy Records, Live, Universal Music Enterprises, Universal Music Nashville, Universal Music Latin Entertainment, Universal Music Latino, Universal Music Publishing Group, Universal Publishing Production Music, Verve Forecast, Verve Label Group, Verve, Virgin Music Label and Artist Services, Virgin Music Label and Artist Services US, Virgin Records, XO Records, Young Money Entertainment

Biggest Stars

• ABBA

• The Beatles

• Backstreet Boys

• Eninem

• Lady Gaga

• Taylor Swift

Genres

• They cover "songs across every musical genre"