UNIVERSAL MUSIC GROUP PROMOTES DAVID ELLNER TO EVP OF GLOBAL DIGITAL INITIATIVES
New York, New York, January 9, 2007 - Universal Music Group (UMG), the world’s leading music company, announced today that David Ellner has been promoted to the newly-created position of Executive Vice President of Global Digital Initiatives of UMG. Based in UMG’s Global Headquarters in New York, Mr. Ellner will report to UMG’s Executive Committee which is chaired by Doug Morris, Chairman and Chief Executive Officer of UMG.
In this new capacity, Mr. Ellner will be responsible for furthering UMG’s digital media business by identifying emerging digital business opportunities, incubating new ventures for products and services, overseeing the Company’s portal and website activities and directing certain key new business partner relationships. He will work closely with the various UMG labels and the new media efforts around the world, as well as with eLabs, UMG’s industry leading new technologies division in Santa Monica , California.
"As Universal continues to lead the industry into the digital marketplace, we felt the time was right to create this new position to ensure that all revenue opportunities are uncovered and maximized to their fullest potential," stated Mr. Morris. "Moreover, since many of our content partners operate on a global basis, coordination amongst our territories is imperative. And no one is better suited for this role than David, who for the last 10 years has played an integral part in positioning Universal Motown at the forefront of many new digital opportunities. His understanding of the music business, combined with his ability to protect the interests of our artists while finding common ground among web-based companies, is unrivaled. We are delighted to recognize all of his contributions and expand the playing field for him even further with this well deserved promotion."
"Doug continues to provide the courage and vision to lead this industry into the digital age, and it\'s a privilege to assist him with this undertaking," added Mr. Ellner. "Doug has made it clear that he wants to make our artists’ music, videos and digital products available wherever, whenever and however fans desire it. So my role is clear: help grow our business even further through strategic investments and new revenue models and ventures, while connecting the dots amongst all of our divisions."
Formerly, Mr. Ellner served as Senior Vice President of Operations/Chief Financial Officer of Universal Motown Records Group. Prior to joining Universal, Mr. Ellner served as Vice President of Finance and North America for EMI Music Publishing. He has also held the position of Vice President, Finance & Administration for PolyGram Video and Director of Finance for Mercury Records. Formerly, he served as Controller for Next Plateau Records. Mr. Ellner started his career at Ernst & Young.
As SVP of Operations/CFO of Universal Motown Records Group, Mr. Ellner was responsible for a number of key departments including New Technologies, Finance, Production, Inventory Management, A&R Administration and Marketing Administration. Additionally, he was responsible for coordinating Human Resources and IT functions for the division. As head of New Technologies, Mr. Ellner led digital sales and marketing activities for the division, serving as the company’s point person with such partner companies as iTunes, AOL, Yahoo, Cingular and Sprint.
Mr. Ellner is a graduate of the State University at Albany with a Bachelor of Science and received a Master of Business Administration from New York University. He is currently an Associate Professor of Finance at New York University’s Stern of School of Business.
About Universal Music Group
Universal Music Group is the world’s leading 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 Music Group, Deutsche Gramophone, Interscope Geffen A&M Records, Geffen Records, Island Def Jam Music Group, Lost Highway Records, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records, Universal Music Latino, Universal Motown Records Group, Universal South Records 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, and Universal Music Mobile.
Universal Music Group is a unit of Vivendi, a global media and communications company.