When did the American branch of Decca Records open to begin Universal Music Group?
The American branch of Decca Records opened its doors in September 1934. This date marks the true beginning of what would become Universal Music Group.
Short answers, pulled from the story.
The American branch of Decca Records opened its doors in September 1934. This date marks the true beginning of what would become Universal Music Group.
The family of French businessman Vincent Bolloré is revealed as the majority shareholder with 28% of UMG shares through its holding company Bolloré and its subsidiary Vivendi. Tencent emerged as UMG's biggest corporate shareholder with 20% of shares.
The fire which swept through Universal Studios Hollywood on the 1st of June 2008 caused the biggest disaster in the history of the music business. The fire destroyed at least 118,230 assets or about 500,000 song titles owned by UMG.
Unable to reach a licensing agreement with TikTok, UMG removed its music from the platform in January 2024. During UMG's fourth-quarter earnings call on February 29, Grainge said there must not be free rides for massive global platforms such as TikTok.
Interscope-Geffen-A&M and Universal Music Enterprises are headquartered in Santa Monica. Def Jam, Island and Republic Records also maintain offices there.