The biggest music company in the world, [3] it is one of the " Big Three " record labels, along with Sony Music and Warner Music Group. In , Fast Company named Universal Music Group the most innovative music company and listed UMG among the Top 50 most innovative companies in the world [7] and "amid the music industry's digital transformation, Universal is redefining what a modern label should look like. The company's origins go back to the formation of the American branch of Decca Records in September In , Universal Music Group agreed to make its catalog available to Spotify , then a new streaming service, for use outside the U. Grainge later replaced him as chairman on March 9, In January , UMG announced it was donating , master recordings from the s to s to the Library of Congress for preservation. As a result of this deal DMG's labels and artists have access to UMG's roster of producers and songwriters on a worldwide basis. In August , UMG became the first company in the US to have nine of the Top 10 songs on the digital charts, according to SoundScan [59] and weeks later, became the first company to hold all 10 of the Top 10 spots on the Billboard Hot Chart. David Massey and Bartels, who worked respectively at Island and Def Jam Records, were named to the new record labels independently.


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Universal Music Group
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