UNIVERSAL MUSIC GROUP PROMOTES DAVID RING TO EXECUTIVE VICE PRESIDENT OF BUSINESS DEVELOPMENT & BUSINESS AFFAIRS, eLABS
Los Angeles, California, June 15, 2007 – Universal Music Group (UMG), the world’s leading music company, has promoted David Ring to Executive Vice President of Business Development & Business Affairs for eLabs, it was announced today by Rio Caraeff, Executive Vice President of eLabs/General Manager of Universal Music Mobile. Formerly, Mr. Ring served as Senior Vice President of Business Affairs & Business Development, eLabs.
“David is one of the most respected and talented executives in the industry, and has been instrumental in growing and strengthening the company’s position in the digital space,” stated Mr. Caraeff. “I am delighted that he will continue to play an integral part on the eLabs team and I look forward to working closely with him.”
“It’s an exciting time to be at eLabs as we set a new playing field for digital music initiatives,” commented Mr. Ring. “eLabs has established itself as an industry leader on many levels and I am glad to be working with Rio as we continue to maximize e-business opportunities on behalf of all UMG labels and artists.”
Prior to joining UMG in March of 1996, Mr. Ring was in private practice representing, among others, recording artists, labels, writers and producers. He has also worked as an associate at the Los Angeles law firms of Phillips, Nizer, Benjamin, Krim & Riley and Rosenberg, Nagler & Phillips, where he handled intellectual property and business litigation with an emphasis on music and other entertainment-related issues. He holds a J.D. from the UCLA School of Law and a B.A. in Political Science, Cum Laude, from the University of California, Berkeley.
eLabs, a division of Universal Music Group, is responsible for handling the company’s electronic commerce initiatives, Internet exploitation, and new technology business opportunities worldwide. The division 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 Label 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, Universal Records South 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.