Universal Music Group, every mention
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every year anyone Ben Gilbert 12David Rosenthal 11
Verbatim, from the transcripts: the passages where Universal Music Group comes up
The Playbook: Lessons from 200+ Company Stories · Acquired
- ▶ 1:03:04 David Rosenthal You don't need Universal Music Group.
SONY (75 years of electronics history in 3 hours) · Acquired
- ▶ 2:31:53 Ben Gilbert And, you know, if a lot more people start streaming, then all of the benefit of all those people starting to stream and pay Spotify and Apple Music accrues to Sony Music and UMG and, you know, it's a pretty predictable, defensible business.
Taylor Swift (Acquired’s Version) · Acquired
- ▶ 18:57 unnamed speaker Universal Music Group, you can see that there's a thousand labels within, you know, UMG.
- ▶ 30:17 David Rosenthal Uh, Scott is an executive at, you know, one of Universal's sub labels in Nashville, and he's planning to leave Universal and start his own label.
- ▶ 30:40 David Rosenthal I'm about to leave Universal though and start my own indie label.
- ▶ 32:50 David Rosenthal So Toby invests the majority of the money to get it going and big machine does a distribution deal with universal with his former major label for distribution and, uh, they're up and running.
- ▶ 42:23 unnamed speaker Even though she's not on the radio, even though nobody's spending any money here, she also chooses, you know, for the production, again, like Scott and Big Machine, they've got real money, they've got Toby Keith behind them, they've got…
- ▶ 1:37:11 David Rosenthal So she remember big machine, her label is part of the universal heritage and ecosystem.
- ▶ 1:37:35 David Rosenthal Three, she could leave Big Machine, but stay in the Universal ecosystem and sign with, you know, the parent label itself or one of the other sub labels within Universal.
- ▶ 1:38:43 David Rosenthal So, she signs with Republic Records, which is another Universal sublabel, and specifically, it's Universal's pop sublabel.
- ▶ 1:38:57 David Rosenthal And independently owned, but in the universal ecosystem, Republic is a pop label.
- ▶ 1:39:29 David Rosenthal Taylor is staying in the Universal family.
- ▶ 1:56:34 Ben Gilbert There's a, a couple of points before we round out the story here that are worth making about her deal with UMG.
- ▶ 1:56:57 Ben Gilbert The way that her deal with UMG works is
- ▶ 1:57:17 Ben Gilbert UMG only has the license up to 10 years, at which point she will regain full control.
- ▶ 1:57:23 David Rosenthal So they could go make UMG's version of folklore and everyone.
- ▶ 1:58:59 Ben Gilbert They, from what I can tell, made a balance sheet investment, so it comes out of the shareholders' coffers, and fast forward to today, the Universal Music Group is estimated to own about three and a half percent
- ▶ 1:59:24 Ben Gilbert So UMG, unlike the others, never sold its share.
- ▶ 2:01:07 Ben Gilbert In Taylor's negotiation, as a sticking point in her contract with UMG, she forced their hand to do the best deal of any of the labels by far.
- ▶ 2:01:24 Ben Gilbert But non-recoupable, and given the size of UMG's stake from the holding, that would mean something like seven hundred million dollars would get distributed to artists with zero need to pay it back.
- ▶ 2:04:11 David Rosenthal Universal Music Room?
- ▶ 2:04:13 Ben Gilbert So Universal Music Group is now a totally separate entity, but at one point was part of MCA Universal, which Michael Ovitz sold to Matsushita.
- ▶ 2:04:29 Ben Gilbert So the, uh, fast forwarding all the way to today, UMG's owners are, uh, of course it's probably traded, but Vivendi still owns 10% of it.
- ▶ 2:04:50 Ben Gilbert Do you know who owns 20% of UMG that we have done an acquired episode on and, uh, is a big part of acquired lore?
- ▶ 2:10:07 Ben Gilbert So David, I guess let's think about Taylor as a business, not about like her previous rights or UMG as a business, but like the business of being Taylor Swift and having all the assets she does and all the control that she does over what…