Universal Music Group N.V.

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Description

Universal Music Group N.V. is a Dutch–American 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 Group 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 company went public on September 21, 2021, at a valuation of €46 billion.

As of April 2024, UMG's catalogue includes over 3 million recordings and 4 million compositions.

Website

https://universalmusic.com

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