Full-Time
Posted on 1/16/2025
Global music recording, publishing, and distribution
$37.5k - $58.1kAnnually
Junior, Mid
Santa Monica, CA, USA
Universal Music Group (UMG) is a leading music company involved in recording, publishing, and distribution across over 60 countries. It works with a wide range of artists, from global superstars to independent musicians, providing services such as marketing and promotion to help them reach larger audiences. UMG generates revenue through music sales, streaming, licensing, live performances, and merchandising. The company aims to maintain its market leadership by offering comprehensive support to artists and maximizing their revenue opportunities.
Company Size
10,001+
Company Stage
IPO
Headquarters
Santa Monica, California
Founded
1934
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Competitive Salary
401k
Flexible PTO
Medical, dental, visiion insurance
Student Loan Repayment Assistance & Tuition Reimbursement
Well-Being Allowance
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.