UniversalMusicGroup (UMG) is a global music company, which conducts music production and distribution, copyright management, authorized merchandise sales and audio-visual content in more than 60 countries and regions. UMG Group is headquartered in Hilversum, the Netherlands, and its operational headquarters is located in Santa Monica, California, USA. As the largest record company in the world, Universal Music Group, SonyMusic and WarnerMusicGroup are called the three largest record companies in the world today.
From June 5438 to February 2020, the consortium led by Tencent Holdings acquired an additional 0/0% stake in Universal Music Group/KLOC, with an enterprise value of 30 billion euros. After the transaction is completed, Tencent can hold up to 20% equity of Universal Music.
On 202 1 September 21day, Universal Music Group was officially listed on the Amsterdam Stock Exchange in the Netherlands. On the first day, the stock price rose by 35%, and its market value exceeded 1 billion USD, making it the largest IPO project in Europe.
Universal Music Group brings together the top Chinese musicians, including Jacky Cheung, Lang Lang, Alan Tam, Eason Chan, Priscilla Chan, Stephanie, May, Tanya Chua, Chen Linong, Yang Yunqing, Greeny, Yu Dingkui, Guo Ding, Chen Zitong, Gina Alice Redlinger, Wu Bai, Wang Xinling, Ai Yiliang, Liang Yongqi and Chen Ding.