Universal Music Group (UMG) is an American music corporation and the largest music company in the world. It was founded on September 29, 1934, as the American Decca Records, by Edward Lewis, an American businessman. The company's headquarters is located in Santa Monica, California, United States.

UMG offers a wide range of products and services in the music industry. It operates as a global music content company, specializing in the discovery and development of talented artists and the distribution and marketing of recorded music. The company distributes music through both physical and digital channels, including streaming platforms, download stores, and physical sales.

UMG also offers artist management and publishing services to support the careers of its artists. On a global scale, UMG has a vast network of subsidiaries, joint ventures, and partnerships. Noteworthy subsidiaries include Capitol Music Group, Island Records, Def Jam Recordings, Republic Records, and Interscope Geffen A&M Records.

These subsidiaries give UMG a strong presence in various genres such as pop, rock, hip-hop, and country, among others. In terms of market position, UMG holds a dominant position in the global music industry, with a market share of around 32%. It outperforms its competitors, such as Sony Music Entertainment and Warner Music Group, in terms of total global sales.

Additionally, UMG has been successful in adapting to the digital age and capitalizing on the growth of streaming platforms. UMG has achieved numerous milestones and successes throughout its history. In 2018, UMG became the first music company to surpass $7 billion in annual revenue.

It has also signed and developed some of the world's biggest artists, including The Beatles, Queen, Taylor Swift, and Drake. The company has constantly evolved its strategies and product lineup to stay relevant in the changing music landscape. Currently, UMG continues to thrive as a leading music corporation.

In 2020, Tencent Holdings acquired a 20% stake in UMG, reinforcing its position as a global powerhouse. UMG has also expanded into new territories and markets, including Africa, Asia, and Latin America. With its wealth of talents, extensive catalog, and global reach, UMG remains at the forefront of the music industry