UMG Sets New Record With Weekly Market Share of 41.53%; Year-to-Date Current Album Market Share Rises To 29%

Santa Monica, California, June 5, 2002 – Universal Music Group (UMG), the world’s largest music company, again surpassed it’s own history-making record this week by achieving the largest single-week current album market share ever, 41.53% for the week-ending June, 2, 2002, further contributing to its remarkable year-to-date leadership position which now stands at 29.07%, according to SoundScan. UMG previously posted the highest weekly market share ever for the week ending November 5, 2000 at 37.52%.

Significantly contributing to UMG’s success are two labels with the highest individual market shares in the industry: Island Def Jam Music Group, with year-to-date current album market share of 9.35%, and Interscope Geffen A&M Records, with a year-to-date current album market share of 8.53%.

“UMG is having a tremendous year marked by outstanding performances and top-selling albums from an exciting roster of artists from all of our labels. These albums are also crossing borders worldwide,” commented Doug Morris, Chairman and Chief Executive Officer, Universal Music Group. “I credit our brilliant division heads and their talented hard-working teams for these impressive achievements.”

Fueling UMG’s dominant market share this week is Aftermath/Interscope’s release of Eminem’s much-anticipated album The Eminem Show, which had a 10-day total sales of 1.6 million units and topped the charts.

UMG also held 6 of the top 10 albums in this week’s Top Current Album chart, according to SoundScan: Eminem The Eminem Show (Aftermath/Interscope); Ashanti Ashanti (Murder Inc./Island Def Jam Music Group); Cam’ron Come Home With Me (Roc-A-Fella); Sheryl Crow C’mon, C’mon (A&M Records); NOW That’s What I Call Music 9 (Universal Music Enterprises) and Musiq Juslisen (Def Soul/Island Def Jam Music Group). UMG also claimed 14 of the top 30 albums with the additional titles of Big Tymers Hood Rich (Cash Money/Universal); O Brother, Where Art Thou? Soundtrack (Lost Highway); Weezer Maladroit (Geffen); Vanessa Carlton Be Not Nobody (A&M Records); Puddle of Mudd Come Clean (Flawless/Geffen); No Doubt Rock Steady (Interscope); Nickelback Silver Side Up (Roadrunner/Island Def Jam Music Group); and Boxcar Racer Boxcar Racer (MCA).

UMG has held the No. 1 or No. 2 positions on the Billboard 200 chart 77% of the year in 2002.

“We’ve reached this record high market share because of our ongoing dedication to the development of our artists and their music. Putting artistry first will always be our priority,” added Jim Urie, President, Universal Music and Video Distribution.

This week’s record-breaking achievement builds upon the ongoing success of UMG in 2002. Earlier this Spring, UMG had an impressive 7 of the top 10 albums in the Top Current Album chart for week-ending April 7, 2002. This milestone was led by Ashanti’s self-titled album Ashanti (Murder Inc./Island Def Jam Music Group), which debuted at the top spots on both the Top Current Album and the Top R&B Album charts and became the highest sales debut by a first-time female artist ever. Universal Music and Video Distribution was also named Distributor of the Year by the National Association of Recording Merchandisers (NARM) for the second year in a row.

The second half of the year will be more impressive with releases from Bon Jovi, Diana Krall, DMX, Dr. Dre, Eminem (8 Mile Soundtrack), Eve, Godsmack, India.Arie, Jay-Z, Lee Ann Womack, Nelly, Shania Twain, Shaggy, Tupac Shakur, and U2 (Greatest Hits Album) among many others.

About Universal Music Group

Universal Music Group is the world’s leading music company with wholly owned record operations or licensees in 63 countries around the world. 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, Island Def Jam Music Group, Lost Highway Records, MCA Nashville, MCA Records, Mercury Records, Motown Records, Philips, Polydor, 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 UM3 (outside the U.S.).

Universal Music Group is a unit of Vivendi Universal, a global media and communications company.