![]() In 2008, Universal Music Group agreed to make its catalog available to Spotify, then a new streaming service, for use outside the U.S. The company represents artists such as Justin Bieber, Lady Gaga, and Kanye West, and has partnered with retailers including Barneys, Bloomingdale's and Selfridges. In June 2007, UMG acquired Sanctuary, which eventually became UMG's entertainment merchandising and brand management division, Bravado. 2007–2012: UMG acquisitions and EMI purchase On September 6, 2006, Vivendi announced its €1.63 billion ($2.4 billion) purchase of BMG Music Publishing after receiving European Union regulatory approval, the acquisition was completed on June 25, 2007. In February 2006, Vivendi (which owns UMG since 2000) purchased the remaining 20 percent of UMG from Matsushita Electric. This came two months after the separation of Warner Music Group from Time Warner. In May 2004, Universal Music Group was cast under separate management from Universal Studios, when French media conglomerate Vivendi sold 80% of the latter to General Electric, who subsequently merged it with NBC to form NBC Universal. 2004: Consolidating into a Vivendi subsidiary In May 1998, Seagram purchased PolyGram and merged it with Universal Music Group in early 1999. On December 9, 1996, the company was renamed Universal Studios, Inc., and its music division was renamed Universal Music Group MCA Records continued as a label within the Universal Music Group. In 1995, Seagram acquired 80 percent of MCA from Matsushita. In November 1990, Japanese multinational conglomerate Matsushita Electric agreed to acquire MCA for $6.59 billion. of England spun American Decca off in 1939. Ī lucky exception to record companies donating their metal masters to the II World War effort was the Universal Music Group (UMG), that donated to the Library of Congress more than 200,000 historic master recordings. ![]() Although the movie studio and the music business share a common history, today the former is part of Comcast and the latter an independent commercial entity. The company's origins go back to the formation of the American branch of Decca Records in September 1934 and its name and company logo originates from Carl Laemmle's Universal Pictures. For history prior to 1996, see MCA Records Early history
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