SUSAN POVICH PROMOTED TO VICE PRESIDENT, BUSINESS & LEGAL AFFAIRS, UNIVERSAL MUSIC ELABS
NEW YORK, NY, September 23, 2005 – Universal Music Group (UMG), the world’s leading music company, has promoted Susan Povich to Vice President of Business & Legal Affairs for eLabs, UMG’s new media and technologies division. The announcement was made today by David Ring, Senior Vice President of Business Development & Business Affairs, eLabs. Previously, Povich served as Senior Director for eLabs, negotiating agreements for digital and wireless distribution of UMG repertoire, as well as agreements for new revenue streams for existing repertoire. She will continue to be based in UMG’s New York City offices and report to Ring.
“Susan is true professional who brings years of experience to the table. Her contributions to eLabs and UMG have been invaluable over the years,” stated Ring. “We look forward to her continued expertise in negotiating partnerships and other agreements for eLabs and it is our pleasure to expand the playing field for her even further with this well deserved promotion.”
Prior to joining Universal four years ago, Povich worked with Russell Simmons on his Internet venture, 360HipHop.com, as Senior Vice President of Business Development and Business Affairs. She previously headed her own firm, Povich Kelly Associates, P.C., and as such was a pioneer in the legal representation of Internet companies.
Povich received a BA from the University of Michigan and a JD from Harvard University.
Universal Music eLabs, a division of UMG, is responsible for handling the company’s electronic commerce initiatives, Internet exploitation, and new technology business opportunities worldwide. Universal eLabs’ business development and business affairs’ staff supports all of UMG’s e-business initiatives, including digital download, subscription, webcasting, interactive radio and pay-per-play through all digital channels of purchase such as kiosks, computers, TV set top boxes, and portable devices. eLabs works closely with and supports all UMG’s record labels and other businesses to enhance opportunities for music driven by new technologies, while protecting the value of recorded music.
About Universal Music Group
Universal Music Group is the world’s largest music company with wholly owned record operations or licensees in 77 countries. Its businesses also include Universal Music Publishing Group, one of the industry’s largest global music publishing operations.
Universal Music Group consists of record labels Decca Music Group, Deutsche Grammophon, Interscope Geffen A&M Records, Geffen Records, Island Def Jam Music Group, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records, Universal Music Latino, Universal Motown Records Group, and Verve Music Group as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalog of music in the industry, which is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes eLabs, a new media and technologies division.
Universal Music Group is a unit of Vivendi Universal, a global media and communications company.