Institutional Research: universal music group Universal Music Group is an American global music corporation that is a subsidiary of the French media conglomerate Vivendi. UMG's global corporate headquarters are located in Santa Monica, California. It is...
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Institutional Research: universal music group Universal Music Group is an American global music corporation that is a subsidiary of the French media conglomerate Vivendi. UMG's global corporate headquarters are located in Santa Monica, California. It is considered one of the "Big Three" record labels, along with Sony Music and Warner Music Group. They are the largest music recording company in the world: own 37% of the shares in the music industry. They are home to some of the biggest labels and brands in the music industry: Early history: Between 1995 and 2000, music companies were found to have artificially inflated compact disc prices through the use of illegal marketing practices, doing so in order to end price wars that began in the early 1990s, a settlement in 2002 included the music publishers and distributors; Sony Music, Warner Music, Bertelsmann Music Group, EMI Music and Universal Music Group. In restitution for price fixing they agreed to pay a $67.4 million fine and distri
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