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Universal Music Group
Work Here?
Global music recording, publishing, and distribution
Universal Music Group
Work Here?
Global music recording, publishing, and distribution
About Universal Music Group
Industries
Consumer Goods
Entertainment
Company Size
10,001+
Company Stage
IPO
Headquarters
Santa Monica, California
Founded
1934
Overview
Universal Music Group (UMG) is a leading music company involved in recording, publishing, and distribution across over 60 countries. It works with a variety of artists, from global stars like Elton John and Taylor Swift to independent musicians, providing services such as marketing and promotion. UMG generates revenue through music sales, streaming, licensing, live performances, and merchandising. The company aims to maintain its market leadership by supporting artists and maximizing their reach.
Simplify's Take
What believers are saying
- UMG's revenue grew 7.2% in Q4 2024, showing strong financial performance.
- Acquisitions of indie labels expand UMG's market share in niche music markets.
- UMG's mental health initiatives could boost artist well-being and productivity.
What critics are saying
- Streaming revenue decline may impact UMG's future financial growth.
- Leadership changes could lead to strategic instability within UMG.
- Integration challenges from acquisitions may affect operational success.
What makes Universal Music Group unique
- UMG leads the music industry with a diverse global artist portfolio.
- The company excels in music publishing and merchandising across 60+ countries.
- UMG's strategic acquisitions enhance its market presence and artist offerings.
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Funding
Total Funding
$3890.9M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Competitive Salary
401k
Flexible PTO
Medical, dental, visiion insurance
Student Loan Repayment Assistance & Tuition Reimbursement
Well-Being Allowance
Company News
HILVERSUM, Netherlands, March 10, 2025 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that Non-Executive Director Manning Doherty will retire from the Board of Directors with effect from March 21, 2025. The Board is very grateful for Mr. Doherty's contributions to the Company
Universal Music Group acquires Dutch indie label 8Ball Music.
Universal Music Group (UMG) has acquired 8Ball Music, an independent music company based in the Netherlands. According to filings
Summary Q4 2024 Results1 Revenue of €3,439 million increased 7.2% year-over-year, or 7.9% in constant currency, driven by growth across all segments. Excluding items impacting comparability detailed below, revenue grew 6.1% in constant currency. Recorded Music subscription revenue grew 7.9% year-over-year, or 9.0% in constant currency, while streaming revenue declined 5.1% year-over-year, or 4.1% in constant currency. Excluding an item impacting comparability, subscription revenue grew 7.2% in constant currency. Adjusted EBITDA of €799 million increased 18.0% year-over-year, or 19.1% in constant currency, and Adjusted EBITDA margin increased 2.1 percentage points to 23.2%. Excluding items impacting comparability, Adjusted EBITDA grew 10.5% year-over-year in constant currency, and Adjusted EBITDA margin expanded 0.8 percentage points to 22.4%
The show is getting widespread notice because back in March, 2022, UMG closed all its offices in Russia and suspended its operations there.
Universal Music Group is Hiring for 57 Jobs on Simplify!
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About Universal Music Group
Industries
Consumer Goods
Entertainment
Company Size
10,001+
Company Stage
IPO
Headquarters
Santa Monica, California
Founded
1934
Universal Music Group is Hiring for 57 Jobs on Simplify!
Find jobs on Simplify and start your career today