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    French Media Giant Vivendi Announces Plans To Sell Half Of Universal Music Group

    UMG is the parent company of labels including Capitol Music Group (and its landmark Los Angeles tower), classical label Deutsche Grammophon and the pop powerhouse Republic Records.
    by Andrew Flanagan Jul 30, 2018 1 minute
    Lucian Grainge, the CEO of Universal Music Group. The major label's parent company announced on July 30, 2018, that it would be selling up to 50 percent of its stake in UMG.

    Vivendi, a French media conglomerate that is the parent company of the world's largest record label, Universal Music Group, announced during its half-year financial review that it plans to sell up to half of the share capital of the label group. UMG

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