UNIVERSAL MUSIC & VIDEO DISTRIBUTION (UMVD) ANNOUNCES NAME CHANGE TO UNIVERSAL MUSIC GROUP DISTRIBUTION (UMGD)
UMGD To Encompass Universal Music Distribution (UMD), Fontana, and Visual Entertainment
Universal City, CA, April 28, 2006 – Universal Music & Video Distribution, the award-winning sales, marketing and distribution subsidiary of Universal Music Group, the world’s leading music company, has been renamed Universal Music Group Distribution (UMGD). The announcement was made today by Jim Urie, President of the company.
"Over the course of the last year, we have aggressively expanded the scope of our business to take full advantage of the many new opportunities emerging in the marketplace," stated Urie. "And this name change is a reflection of that. As a result, we are now positioned as the only major music distribution company handling all areas of music and home entertainment-related product."
Universal Music Group Distribution (UMGD) will now consist of three major divisions: Universal Music Distribution (UMD), which handles distribution services for all of UMG’s wholly-owned and associated labels; Fontana, the independent sales, marketing and distribution division; and Visual Entertainment (VE), the home DVD and entertainment firm.
Presently, Universal Music Group Distribution (UMGD) leads the industry with 4 of the Top 5 albums in the country for the second consecutive week with Rascal Flatts (#1), Now 21 (#2), High School Musical Soundtrack (#3), and Toby Keith (#4). On the digital front, the company leads the industry with 31% of the market.
About Universal Music Group
Universal Music Group is the world’s largest music company with wholly owned record operations or licensees in 75 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 Record Company, Deutsche Grammophon, DreamWorks Records, Interscope Geffen A&M Records, Island Def Jam Music Group, Lost Highway Records, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor, 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 élans, a new media and technologies division, and Universal Music Mobile.
Universal Music Group is a unit of Vivendi, a global media and communications company.