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UNIVERSAL MUSIC GROUP

Universal Music Group (UMG) leads the music industry in global sales with an estimated worldwide market share in 2005 of 25.6%. Its global operations encompass the development, marketing, sales and distribution of recorded music through a network of subsidiaries, joint ventures and licensees in 75 countries, representing approximately 98% of the music market. UMG is the #1 company in countries which together represent more than 50% of the global music market sales, including the U.S. and the U.K. UMG’s business also includes music publishing.

Universal Music Group International is the division that manages UMG’s businesses in countries outside of North America.

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