Universal Music Group: Difference between revisions

Though the history of '''Universal Music Group N.V.''' dates as far back as the 1930s, the current group (UMG) was created with the acquisition of PolyGram by Universal on December 10, 1998. The name appeared two years before, when MCA Music Entertainment Group was renamed. From its inception until 2001 UMG was part of [[Universal Studios]] before Vivendi's acquisition of Universal in 2000 which was completed in 2001, that same year, Vivendi became Vivendi Universal. On May 11, 2004, Vivendi sold 80% of Universal along with USA Network, Sci-Fi (now Syfy) and Universal Parks & Resorts (now [[Universal Destinations & Experiences]]) to General Electric, the then-parent company of [[NBC/2002-present|NBC]] which led to the formation of NBC Universal, Inc. (now NBCUniversal Media LLC). Since 2001, UMG is a separate entity and is part-owned by Vivendi SE, which also bought the BMG Music Publishing brand in 2007, and later some of the recorded music operations of EMI in 2012. In 2018, Tencent acquired a minority stake in UMG. In 2021, UMG officially split from Vivendi as the company went public and became a Dutch-owned music giant.