Universal Music Group (UMG) (EURONEXT: UMG) is the world's leading music company.
UMG exists to shape culture through the power of artistry. The company identifies and develops recording artists and songwriters, and produces, distributes and promotes the most critically acclaimed and commercially successful music in the world. UMG is engaged in recorded music, music publishing, merchandising, and audiovisual content across more than 60 territories. Its broad array of businesses includes prominent labels such as Capitol, Def Jam, Interscope, Republic, Island, and Motown.
UMG's key offerings include:
Recorded Music: Production and distribution of music recordings through digital and physical formats
Music Publishing: Acquisition and licensing of music copyrights
Merchandising: Artist-related products and services
Audiovisual Content: Music-based video programming
The company boasts the most comprehensive catalog of recordings and songs across every musical genre. In 2023, UMG artists accounted for nine of the top 10 global recording artists according to IFPI. Top sellers that year included Taylor Swift, Morgan Wallen, Drake and The Weeknd.
UMG has been investing in high-growth music markets and emerging technologies. The company has implemented artist-centric royalty models with streaming platforms and taken a leadership position on responsible AI development in music. UMG generated revenues of EUR 11.1 billion in 2023, with adjusted EBITDA of EUR 2.37 billion. The company continues to focus on strategic growth initiatives while returning significant cash to shareholders through its dividend program.
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