Universal Music is a global music company founded in 1934 that owns numerous record labels and music publishers. It has annual revenue of over $4 billion and is led by CEO Lucian Grainge. Universal Music owns labels like Capitol Records, Virgin Records, Motown Records, and Mercury Records. It also has the second largest music publishing division called Universal Music Publishing Group. In 2012, Universal Music Group acquired EMI, further expanding its portfolio of artists and music catalog. However, Universal has faced some controversies, including accusations of bribery to promote its artists and aggressively issuing takedown notices of user-uploaded content on platforms like YouTube.