UNIVERSAL MUSIC GROUP – AUNGIER STREET DUBLIN
Back in 1979 I closed my record shop as sales were declining but i really miss those days. At one stage I knew always everything that there was to know about any record label but today I know close to nothing about the business.
The colourful building in my photographs is the Universal Music Group head office in Ireland. To the best of my knowledge it was EMI’s HQ.
The company’s origins go back to the formation of the American branch of Decca Records in September 1934. The Decca Record Co. Ltd. of England spun American Decca off in 1939. MCA Inc. merged with American Decca in 1962.
In November 1990, Japanese multinational conglomerate Matsushita Electric agreed to acquire MCA for $6.59 billion. In 1995, Seagram acquired 80 percent of MCA from Matsushita. 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 May 1998, Seagram purchased PolyGram and merged it with Universal Music Group in early 1999.
Today Universal Music Group is an American global music corporation that is majority owned by the French media conglomerate Vivendi, with Chinese tech company Tencent owning a minority stake. UMG’s global corporate headquarters are located in Santa Monica, California. The biggest music company in the world, it is one of the “Big Three” record labels, along with Sony Music and Warner Music Group. Ten percent of Universal Music Group was acquired by Tencent in March 2020 for US$3 billion.