UMG BECOMES FIRST MUSIC COMPANY EVER TO END YEAR WITH OVER 30% MARKET SHARE IN THE U.S.
Santa Monica, California, December 23, 2002 – Universal Music Group (UMG), the world’s largest music company, has had another stellar year in 2002 and remains the clear industry leader.
In 2002, UMG led the industry with its unprecedented market share and chart success. UMG became the first music company to ever surpass 30% for year-to-date Total Current U.S. Album Market Share (presently at 31.15%). UMG was also the market share leader in Total U.S. Singles (24.77%). Additionally, UMG surpassed its own history-making record this year by achieving the largest single-week market share of current albums ever, 41.82%, for the week ending June 30, 2002, according to SoundScan.
Reflecting the company’s tremendous success, Universal has had either the No. 1 or No. 2 title on the SoundScan Top 200 album chart 72% of the year in 2002 (36 of the past 50 weeks). The 8 Mile Soundtrack, Ashanti, Big Tymers, Eminem, Jay-Z, Musiq, Nelly, the O Brother, Where Art Thou? Soundtrack, NOW 9 and Shania Twain were among the releases which held the peak position. Further, UMG held the No. 1 position on the Billboard Hot 100 singles chart 75% of the year in 2002 (39 of the past 52 weeks).
Other UMG achievements include:
UMG is No. 1 in 65% of all the countries in which it operates.
UMG is No. 1 in countries that contribute 75% of the world music sales.
Eminem is the top-selling worldwide artist in 2002 – selling more than 20 million units.
UMG has the year’s two highest-selling albums in the U.S.- Eminem The Eminem Show and Nelly Nellyville.
Universal Music & Video Distribution’s (UMVD) sales of Latin music have increased by more than 65% in 2002, fueling their ascent from No. 5 distributor of Latin music in the U.S. to its current No. 2 standing.
Through Universal Classics Group and Verve Music Group, UMG remains the market share leader in Classical and Jazz music throughout the world.
Universal Music Publishing Group holds publishing rights in 27 No. 1 songs in the Billboard year-end charts.
“I am extremely proud of our many achievements this year,” said Doug Morris, Chairman and Chief Executive Officer, Universal Music Group. “UMG continues to maintain its dominant position in the marketplace due to the tremendous dedication of our employees and executive team, as well as the incredibly outstanding talent of our diverse artist roster.”
“This has been another history-making year for us and we remain committed to our artists and our family of labels.” commented Jim Urie, President, Universal Music and Video Distribution.
Among UMG’s other top-selling titles are Ashanti Ashanti (Murder Inc./Island Def Jam); O Brother, Where Art Thou? Soundtrack (Lost Highway); 8 Mile Soundtrack (Shady/Interscope/UMG Soundtracks); NOW 9 (Universal Music Enterprises); Ludacris Word of Mouf (Def Jam); Shania Twain UP! (Mercury Nashville); Nickelback Silver Side Up (Roadrunner/Island Def Jam); Puddle of Mudd Come Clean (Interscope); No Doubt Rock Steady (Interscope); Sheryl Crow C’Mon C’Mon (A&M Records); and Enrique Iglesias Escape (Interscope).
About Universal Music Group
Universal Music Group is the world’s leading music company with wholly owned record operations or licensees in 63 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, Interscope Geffen A&M Records, Hip-O Records, Island Def Jam Music Group, Lost Highway Records, MCA Nashville, MCA Records, Mercury Records, Motown Records, Philips, Polydor, UMG Soundtracks, Universal Music Latino, Universal 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 Strategic Marketing & Commercial Affairs (outside the U.S.). Universal Music Group also includes eLabs, a new media and technology division.
Universal Music Group is a unit of Vivendi Universal, a global media and communications company.