Universal Music Group N.V. is a Dutch–American multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands, and its operational 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 Entertainment and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021. Pershing Square Holdings later acquired ten percent of UMG prior to its IPO on the Euronext Amsterdam stock exchange. The French Bolloré family still owns 28 percent of UMG. The company went public on 21 September 2021, at a valuation of €46 billion.
Universal Music Group is being sued by a man who claims he worked with huge acts like Johnny Cash, Twisted Sister and Shania Twain..