Universal Music Group is one of the largest music conglomerates in the world. It owns and distributes the work of many popular artists like Lady Gaga, Timbaland, and Bon Jovi. The company's CEO, Doug Morris, is planning to step down in 2010 and will likely be replaced by Lucian Grainge. UMG distributes music in both physical and digital formats through various online retailers and streaming services. This allows the company to market its artists and music to a massive online audience.