Universal Music Group N.V. Website

Universal Music Group N.V.

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Company Overview

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 250 artists/brands, as well as owns approximately 50 labels covering various music genres. The company was incorporated in 2020 and is headquartered in Hilversum, the Netherlands.

  • Name

    Universal Music Group N.V.

  • CEO

    Sir Lucian Grainge

  • Website

    www.universalmusic.com

  • Sector

    Entertainment

  • Year Founded

    2020

Company Statistics

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Bulls Say

  • Talent will always be at the core of music industry sales. Record labels are critical for artists to maximize success, and Universal is the best positioned.

  • Universal’s sales growth directly follows the streaming platforms, which are still maturing. These platforms have just begun to take advantage of pricing power and still have room to increase customer penetration globally.

  • The evolution of the streaming business to an artist-centric model that pays the most popular music at a higher rate per stream will benefit the record labels, like Universal, which represents the biggest stars.

Bears Say

  • Record companies’ favorable revenue-sharing agreements with streaming platforms may not allow those platforms to remain viable over the long term and could require concessions.

  • Streaming platforms’ increased bundling of their music offering with other services, as Apple, Amazon, and now Spotify—with podcasts—do, decreases the amount of revenue allocated to music, directly cutting into record companies’ share.

  • Successful artists’ ability to reach fans directly gives those artists more negotiating leverage to squeeze record companies for a bigger share of the artist’s earnings.

Source: Morningstar Analysis - Oct 31, 2025
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