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In May 2004, Universal Music Group was cast under separate management from Universal Studios, when Vivendo sold 80% of the latter to General Electric, who subsequently merged it with NBC to form NBCUniversal. This came two months after the separation of Warner Music Group from Time Warner.
Jun 21, 2021 · Universal Music Group has officially gone public on the Euronext Amsterdam with a valuation north of $50 billion. After the IPO, the ownership of Universal Music Group has dramatically...
Sep 20, 2021 · That’s the slice of Universal Music Group (UMG) that will float on the Amsterdam Euronext, as the music major’s current parent company, Paris-based Vivendi, relinquishes it to its own...
Jun 22, 2021 · French media group Vivendi has won the backing of shareholders for its proposed spin-off of crown jewel Universal Music Group. During a shareholder meeting Tuesday, investors overwhelmingly...
Sir Lucian Grainge. Sir Lucian Grainge is Chairman and Chief Executive Officer of Universal Music Group (UMG), the world leader in music-based entertainment. Grainge has spent his entire career in the music industry and has signed and worked with many worldwide stars, including ABBA, Jay Z, Elton John, Katy Perry, Queen, Rihanna, The Rolling ...
May 22, 2023 · French mogul Vincent Bolloré owns 18% of Universal Music Group; he also owns around a third of Vivendi, which itself owns a further 10% of UMG. Music Business Worldwide digs into the numbers behind the institutional shareholders of the largest company in music rights.
Universal Music Group (UMG), led by Chairman & CEO, Sir Lucian Grainge, is the world’s biggest music rights company. UMG was formerly majority-owned by Paris-based Vivendi. Since UMG floated on the Amsterdam Euronext exchange in September 2021, it has been 10% owned by Vivendi, 10% owned by Pershing Square Holdings, 20% owned by a Tencent-led ...
Jan 8, 2019 · Lucian Grainge’s Universal Music Group is due to partly change hands this year, as its parent company, the French media company Vivendi, prepares to sell up to 50 percent of its music arm.
Jun 22, 2021 · After the moves, a consortium controlled by China’s Tencent will own 20 per cent of the newly independent UMG, Bolloré’s personal holding company will own 18 per cent and Vivendi 10 per cent.
Mar 30, 2023 · Hilversum, Netherlands, March 30, 2023 – Universal Music Group N.V. (EURONEXT: UMG) announced today that its Board of Directors has extended the engagement of UMG Chairman and Chief Executive Officer Sir Lucian Grainge until May 1, 2028.
