UNIVERSAL MUSIC GROUP (UMG) CLOSES EMI RECORDED MUSIC ACQUISITION
Los Angeles, CA, Friday, September 28, 2012 – Universal Music Group (UMG), the world’s leading music company, today announced that it has completed its acquisition of EMI Recorded Music.
The combined company will feature a family of internationally and nationally renowned labels such as A&M/Octone, Angel, Blue Note, Capitol Records, Decca, Def Jam Recordings, Deutsche Grammophon, EMI Records, Geffen Records, Interscope Records, Island Records, I.R.S, Capitol Records Nashville, Manhattan, Mercury Records, Motown Records, Polydor Records, Republic Records, Universal Music Latino, Universal Music Nashville, Virgin Records and Verve Music Group, among many others.
“This is a next step towards ensuring the health of our industry,” stated Lucian Grainge, Chairman & CEO of UMG. “EMI is finally returning to people who have music in their blood. We are acquiring incredible labels and a roster of stellar talent, including top-selling artists like Katy Perry, Lady Antebellum, The Beatles and The Beach Boys. We remain true to our vision of investing in EMI, growing the company as a vibrant source of new music, offering consumers more choice and supporting the growth of online music services.”
Grainge continued: “I would also like to thank Roger Faxon and his team at EMI for their tremendous support over the last year and for staying focused on developing artists and delivering new music throughout this transition.”
About Universal Music Group
Universal Music Group is the world’s leading music company with wholly owned operations in 60 territories. Its businesses also include Universal Music Publishing Group, one of the industry’s leading global music publishing operations.
Universal Music Group’s record labels include A&M/Octone, Decca, Def Jam Recordings, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Geffen Records, Interscope Records, Island Records, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Universal Music Latino, Universal Republic 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 catalogue of music in the industry, which includes the last 100 years of the world’s most popular artists and their recordings. UMG’s catalogue 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 Global Digital Business, its new media and technologies division and Bravado, its merchandising company.
Universal Music Group is a fully owned subsidiary of Vivendi.