UNIVERSAL MUSIC GROUP PROMOTES VINCENT FREDA TO EXECUTIVE VICE PRESIDENT, DIGITAL LOGISTICS & BUSINESS SERVICES
Santa Monica, CA, August 9, 2004 – Universal Music Group (UMG), the world’s leading music company, has promoted Vincent Freda to Executive Vice President of Digital Logistics & Business Services, it was announced today by UMG President Zach Horowitz. Mr. Freda will continue to be based out of UMG’s Santa Monica offices. Formerly, Mr. Freda served as Senior Vice President of the company’s Common Label Operations (CLO) department.
In this expanded role, Mr. Freda will add Studio & Vault Operations to his portfolio and will increase his responsibilities in the areas of Asset Management, Repertoire Management, and e-Commerce Services. He will also continue to maintain a broad range of administrative departments organized to handle key functions across all labels, including Consumer Marketing Services, Copyright Administration, and recording union relations, as well as providing day-to-day oversight of over two dozen crucial information systems utilized by UMG executives to manage their business processes on the corporate and label levels.
A key part of Mr. Freda’s new responsibilities will be creating a digital infrastructure to serve as the backbone for many of UMG’s business operations. Specific initiatives include, among others, the digital delivery of music to radio, servicing the repertoire of distributed labels to e-commerce partners, and an electronic process for obtaining mechanical licenses from music publishers. Such initiatives will strategically position UMG for increased cost savings, new revenue streams, and improved productivity.
“Vinnie has achieved enormous success during his tenure with our company, demonstrating a fresh perspective and real innovation in a variety of situations,” stated Mr. Horowitz. “He is the ideal executive to help UMG achieve its full potential in these important areas.”
“As the digital business landscape continues to change, it becomes more important than ever to meet the needs of our labels while creating the best operational infrastructure to ensure our competitive advantage for the future,” added Mr. Freda. “I’m looking forward to the challenges and opportunities these new areas of responsibilities will bring.”
Mr. Freda has been with Universal Music Group for over fifteen years, beginning in a variety of positions at MCA Records, and eventually rising to Senior Vice President of Business Operations. He later segued to Universal Music Group as Senior Vice President of Common Label Operations (CLO). Mr. Freda is a graduate of Stanford University and holds a Masters of Business Administration.
Universal Music Group is the world’s largest music company with wholly owned record operations or licensees in 71 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 Strategic Marketing & Commercial Affairs (outside the U.S.). Universal Music Group also includes eLabs, a new media and technologies division.
Universal Music Group is a unit of Vivendi Universal, a global media and communications company.