UMG’s Mission: Meaningful Change
• Universal Music Group (UMG) announced the appointment of Dr. Menna Demessie as Senior Vice President and Executive Director of
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UMG
Island Records’ Pres. Darcus Beese Leaving
• Darcus Beese is stepping down as President & CEO of Island Records and is leaving the company. A statement from
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Tencent Now Owns 20% Of UMG
• Tencent Holdings Limited announced that a Tencent-led consortium has completed the acquisition of an additional 10% equity stake in
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UMG Launches Mercury Studios
• Universal Music Group (UMG) announced the formation of Mercury Studios — described as a “new multi-faceted content studio established
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UMG Looking At 2022 IPO
• Vivendi, the parent company of Universal Music Group confirmed longstanding rumors that it plans to take UMG public in
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UMG Names Chief People & Inclusion Officer
• Eric Hutcherson, the former EVP, Chief Human Resources Officer of the National Basketball Association (NBA), has joined Universal Music
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Gu Named Head Of Astralwerks Asia
• Universal Music Group (UMG) announced the appointment of Cindy Gu as Head of Astralwerks Asia, the company’s label division
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Soundtrack Your Brand Pacts With UMG
• Soundtrack Your Brand, the pioneering business-to-business cloud-based music streaming service and Universal Music Group (UMG) announced a global licensing
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UMG, WMG, Sony Staying Home TFN
• Out of an abundance of caution due to the still out-of-control COVID-19 pandemic, the three major music companies —
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Saban Inks Alliance With UMG, Caroline
• Saban Music Group (SMG), a music company backed by worldwide entertainment industry pioneer Haim Saban, announces a global distribution
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