2. How it Originated
• Universal Music is one of four big companies in the music
industry.
• It was founded in 1898.
• The final name of the company, “Universal”, was
introduced by Carl Laemmle in 1912.
3. Development
• The UMG became a public service in 1959.
• In 1958, UMG acquired the Universal Studios property and
obtained Paramount’s pre-1948 film library for its MCA TV
division.
• The Universal Music Group is completely owned by the
French media corporation Vivendi.
4. Growth
• UMG grew to operate within 72 countries including North
American HQ in Santa Monica and New York.
5. Key People
• Doug Morris - Chairman and CEO
• Steve Boman - Chairman and CEO (Internatonal)