Universal Music Group N.V. (0UMG.L)

27.35 +0.29 (+1.07%) At close: 06:08PM BST

Universal Music Group N.V.

S-Gravelandseweg 80
Hilversum 1217 EW
Netherlands
31 88 626 1500
https://www.universalmusic.com

Sector(s): 
Industry: 
Full-time employees: 9,972

Key executives

Name	Title	Pay	Exercised	Year born
Sir Lucian Grainge CBE	Chairman & CEO	27.93M	N/A	1960
Mr. Vincent Vallejo	Deputy CEO, Corporate & Executive Director	2.82M	N/A	1961
Mr. Boyd Muir	Executive VP, CFO & President of Operations	9.16M	N/A	1960
Mr. Will Tanous	Executive VP & Chief Administrative Officer	N/A	N/A	1969
Mr. Jeffrey Harleston	General Counsel and Executive VP of Business & Legal Affairs	N/A	N/A	1962
Mr. Eric Hutcherson	Executive VP and Chief People & Inclusion Officer	N/A	N/A	1970
Mr. Michael Nash	Executive VP & Chief Digital Officer	N/A	N/A	1957
Mr. Philippe Flageul	Executive VP & Controller	N/A	N/A	1965
Ms. Jody Gerson	Chairman & CEO for Universal Music Publishing Group	N/A	N/A	1962

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations. The Music Publishing segment discovers and develops songwriters, as well as owns and administers the copyright for musical compositions used in recordings, public performances, and related uses, such as films and advertisements. The Merchandising & Other segment produces and sells artist and other branded products through various sales channels, including fashion retail, concert touring, and internet, as well as offers brand rights management services. The company has approximately 3 million recordings, 4 million owned and administered titles, and 220 artists/brands, as well as owns approximately 50 labels covering various music genres. Universal Music Group N.V. was incorporated in 2020 and is headquartered in Hilversum, the Netherlands.

Corporate governance

Universal Music Group N.V.’s ISS governance QualityScore as of 1 April 2024 is 8. The pillar scores are Audit: 5; Board: 7; Shareholder rights: 3; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.