117-504: Capitol Music Group Sweden is a Swedish music company which forms part of Universal Music Sweden . The company was formed following Universal Music Sweden's full ownership acquisition of Lionheart Music Group. The company consists of several record labels as well as operations in music production and publishing, artist management, and live-entertainment production. The same trademark is used by an unrelated United States–based Capitol Music Group , also of Universal Music Group , which in turn
234-518: A Sony -led consortium for $ 2.2 billion. Among the other companies that had competed for the recorded music business was Warner Music Group which was reported to have made a $ 2 billion bid. IMPALA opposed the merger. In March 2012, the European Union opened an investigation into the acquisition The EU asked rivals and consumer groups whether the deal would result in higher prices and shut out competitors. On September 21, 2012,
351-439: A South Central Pennsylvania -based cable television and broadband services provider and unit of the former Susquehanna Pfaltzgraff company, for $ 775 million cash. Comcast previously owned approximately 30% of Susquehanna Communications through its affiliate company, Lenfest . In December 2005, Comcast announced the creation of Comcast Interactive Media , a new division focused on online media. In July 2006, Comcast purchased
468-831: A YouTube competitor. The move was seen by Variety as an attempt to appeal to the cord-cutting market. On April 28, 2016, Comcast officially announced its NBCUniversal division will acquire DreamWorks Animation for $ 3.8 billion. The acquisition completed on August 22, 2016; DreamWorks Animation was integrated into NBCUniversal Film and Entertainment as part of Universal Pictures . Universal took over distribution of DreamWorks Animation films beginning in 2019 with How to Train Your Dragon: The Hidden World after DreamWorks Animation's deal with 20th Century Fox ended. In September 2016, Comcast confirmed that it would launch an MVNO cellular network with Verizon Wireless . The service, described as being
585-466: A corporate spin-off from its parent, Jerrold Electronics , for U.S. $ 500,000. At the time, American Cable was a small cable operator in Tupelo, Mississippi , with five channels and 12,000 customers. In 1965, American Cable Systems purchased Storecast Corporation of America, a product placement supermarket specialist marketing firm. In 1968, American Cable Systems purchased its first franchise of Muzak ,
702-458: A "Wi-Fi and MVNO-integrated product" was expected to launch in mid-2017. The partnership and the addition of wireless would allow Comcast to offer a quadruple play of services. Including Comcast's Home Security offering, customers now have the option of a Quintuple Play. The service was officially announced on April 6, 2017, as Xfinity Mobile. On November 16, 2017, it was reported that Comcast attempted to purchase 21st Century Fox , following
819-479: A "firm offer". On April 12, the Panel on Takeovers and Mergers ruled that Disney had to acquire all of Sky within 28 days of fully acquiring Fox if the latter's acquisition of Sky was not completed by the time the merger was done, or if Comcast's counter-offer was not accepted. On April 25, 2018, Comcast made its formal counter-bid for Sky plc, offering £12.50 per-share; Sky subsequently withdrew its recommendation of
936-651: A 50/50 partnership that controlled the systems in the Houston , Southwest Texas, San Antonio , and Kansas City markets under the Time Warner Cable brand. After the dissolution, Comcast obtained the Houston system, and Time Warner retained the others. On January 1, 2007, Comcast officially took control of the Houston system but continued to operate under the Time Warner Cable brand until June 19, 2007. Media outlets began reporting on October 1, 2009 that Comcast
1053-508: A US$ 60 billion acquisition offer by Comcast in favor of its deal with Disney, due to anti-competition concerns. NBCUniversal CEO Steve Burke stated that purchasing Sky would roughly double its presence in English-speaking markets, and allow for synergies between the respective networks and studios of NBCUniversal and Sky. Fox stated that it "remains committed to its recommended cash offer for Sky", and that Comcast had not yet made
1170-479: A brand of background music played in retail stores. Storecast was a client of Muzak. The company was re-incorporated in Pennsylvania on March 5, 1969, under the new name Comcast Corporation . Comcast's initial public offering occurred on June 29, 1972, with a market capitalization of U.S. $ 3,010,000. In 1977, HBO was first launched on a Comcast system with 20,000 customers in western Pennsylvania with
1287-809: A commercial services provider; and Xfinity Mobile, an MVNO of Verizon. Through NBCUniversal , Comcast is also the owner and operator of over-the-air national broadcast network channels such as NBC , Telemundo , TeleXitos , and Cozi TV ; multiple cable-only channels such as MSNBC , CNBC , USA Network , Syfy , Oxygen , Bravo , and E! ; the film studio Universal Pictures ; the VOD streaming service Peacock ; animation studios DreamWorks Animation , Illumination , and Universal Animation Studios ; and Universal Destinations & Experiences . It also has significant holdings in digital distribution, such as thePlatform , which it acquired in 2006; and ad-tech company FreeWheel, which it acquired in 2014. Since October 2018, Comcast
SECTION 10
#17327870064761404-503: A dashboard called SmartZone that allowed users to perform mobile functions online. There was also Cloudmark spam and phishing protection and Trend Micro antivirus . The address book is Comcast Plaxo software. In May 2008, Comcast purchased Plaxo for a reported $ 150 million to $ 170 million. Comcast won the Consumerist Worst Company In America ("Golden Poo") award in 2010. A gold trophy in
1521-589: A deal to purchase NBC Universal and that a formal announcement could be made sometime the following week. Following a tentative agreement on December 1, the parties announced that Comcast would buy a controlling 51% stake in NBC Universal, including Universal Pictures , for $ 6.5 billion in cash and $ 7.3 billion in programming on December 3. GE would take over the remaining 49% stake in NBC Universal, using $ 5.8 billion to buy out Vivendi's 20% minority stake in NBC Universal. On January 18, 2011,
1638-484: A deal valued at $ 45.2 billion. On February 13, it was reported that Time Warner Cable agreed to the acquisition. This was to add several metropolitan areas to the Comcast portfolio, such as New York City, Los Angeles , Dallas–Fort Worth , Cleveland , Columbus , Cincinnati , Charlotte , San Diego , and San Antonio. Time Warner Cable and Comcast aimed to merge into one company by the end of 2014 and both have praised
1755-660: A decrease of 6.2% compared to the prior year. Annual revenue increased by 4.3% over the same period. Their net debt was $ 91.2 billion, exceeding total shareholders equity of $ 80.9 billion as of December 31, 2022. With $ 18.8 million spent in 2013, Comcast has the seventh largest lobbying budget of any individual company or organization in the United States. Comcast employs multiple former U.S. Congressmen as lobbyists. The National Cable & Telecommunications Association , which has multiple Comcast executives on its board, also represents Comcast and other cable companies as
1872-505: A five-night free preview getting a 15% sign up rate. In 1986, Comcast bought 26% of Group W Cable , a broadcast company, doubling its number of subscribers to 1 million. Also that year, Comcast made a founding investment of $ 380 million in QVC . In 1988, Comcast was able to buy a 50% share of SCI Holdings in a joint deal with Tele-Communications Inc. Comcast also acquired American Cellular Network Corporation in 1988 for $ 230 million, marking
1989-476: A former wife of Tom Petty that seeks class action status for artists whose master recordings were believed to have been destroyed in the Universal Studios fire. On December 9, 2011, Megaupload published a music video titled: "The Mega Song", showing artists including Kanye West , Snoop Dogg , Alicia Keys and will.i.am endorsing the company. The music video was also uploaded to YouTube, but
2106-695: A global partnership agreement with UMG across recorded music, music publishing, brand management, and licensing rights. On November 19, 2018, singer-songwriter Taylor Swift signed a new multi-album deal with UMG, in the United States, her future releases will be promoted under the Republic Records imprint. In addition to the promised ownership of her master recordings, UMG agreed to, in case it sells portions of its stake in Spotify , distribute proceeds among its artists and make them non-recoupable. In December 2018, Queen's " Bohemian Rhapsody " became
2223-508: A global, multi-year agreement with Facebook becoming the first of The " Big Three " to license its recorded music and publishing catalogs for video and other social experiences across Facebook , Instagram and Oculus . Sony and Warner signed similar contracts with Facebook the following year. Furthermore, on December 19, 2017, UMG signed a multi-year licensing agreement with YouTube . In June 2018, Universal Music Japan announced an exclusive license agreement with Disney Music Group . With
2340-498: A hearing on the deal on April 9, 2014. The House Judiciary Committee planned its own hearing. On March 6, 2014, the United States Department of Justice Antitrust Division confirmed it was investigating the deal. In March 2014, the division's chairman, William Baer, recused himself because he was involved in the prior Comcast NBCUniversal acquisition. Several states' attorneys general have announced support for
2457-493: A music publishing arm, known as Lionheart Music, was set up to primarily serve the signed artists to the group's labels. The publishing business grew quickly that the following year, that an administration agreement was struck with Bonnier Music Publishing for Lionheart Music's song publishing catalogue. In 2007, Universal Music Group International acquired a majority stake in Lionheart Music Group. In 2011,
SECTION 20
#17327870064762574-469: A new in-car audio collaboration with Apple Music and Universal Music Group. With this new audio standard, UMG allows its artists to base their song approval process on how the final mix sounds in a Mercedes‑Benz and introduced the "Approved in a Mercedes‑Benz" label as a standard. In November 2022, Universal Music Group acquired a 49% stake in Play It Again Sam (PIAS Group), which brings together
2691-605: A new independent company, which is later known as the Fox Corporation since the 2019 launch. However, on December 11, 2017, Comcast officially dropped the bid, saying that "We never got the level of engagement needed to make a definitive offer." On December 14, Disney officially confirmed its acquisition of 21st Century Fox for $ 52.4 billion in stock, pending review from the United States Department of Justice Antitrust Division. On February 5, 2018,
2808-456: A new multi-year licensing agreement with Spotify In June 2021, Pershing Square Tontine Holdings , a special-purpose acquisition company run by investor Bill Ackman, announced it would acquire 10 percent of UMG before it went public, in a $ 4 billion transaction. The deal collapsed in July 2021 due to regulatory concerns, and it was announced that Ackman's Pershing Square Holdings would complete
2925-817: A new multi-year licensing agreement with Spotify , the world's leading streaming service, and in May 2017, UMG signed a deal with Tencent , China's biggest gaming and social media firm. In July 2017, " Despacito " by Luis Fonsi , Daddy Yankee and featuring Justin Bieber , became the most streamed track of all time. By 2018, the song had broken several Guinness World Records , including Most Weeks at Number 1 on Billboard Hot Latin Songs chart and most-viewed video online. In August 2017, UMG and Grace/Beyond agreed to develop three new music-based television series, 27 , Melody Island and Mixtape . 27 would focus on musicians at
3042-699: A new report by CNBC claims that despite the Disney/Fox deal, Comcast was considering topping Disney's $ 52.4 billion offer once the AT&;T – Time Warner merger goes through, after the Department of Justice Antitrust Division sued to block the merger on November 20, 2017. On February 27, 2018, Comcast offered to purchase 61% stake in Sky plc at a value of £12.50 per-share, approximately £22.1 billion. 21st Century Fox, which owns 39% stake in Sky, had previously declined
3159-419: A result of the fire. Representatives for R.E.M. announced they would investigate the effects the fire may have had on the band's archival materials, while Hole , Steely Dan , Rosanne Cash and Geoff Downes made statements on their possible losses from the fire. A representative for Eminem confirmed that the rapper's master recordings were digitized months before the fire, but could not confirm whether
3276-614: A series of independent labels. In January 2023, Sherry Lansing was named the Chairman of Board of Directors of the Universal Music Group. In August 2023, it was announced UMG had acquired the UAE -based music marketing, digital publishing and distribution agency, Chabaka. In 2023, Universal Music Group and Deezer announced their initiative to explore potential new business models for music streaming that better recognize
3393-474: A similar settlement was entered into with music publishers and distributors Sony Music , Warner Music , Bertelsmann Music Group , EMI Music and Universal Music Group and certain retailers, without admission of liability or wrongdoing, with various states. In settlement of the claim, the companies collectively agreed to pay a $ 67.4 million fine and distribute $ 75.7 million in CDs to public and non-profit groups. It
3510-401: A technician is coming. On 21 May 2024, Comcast announced Xfinity StreamSaver™, a streaming bundle combining Peacock, Netflix, and Apple TV+ for Xfinity Internet and TV customers. This bundle offered a subscription to Netflix Standard with ads, Peacock Premium, and Apple TV+, promised over 30% savings or nearly $ 100 annually. In April 2005, Comcast and Time Warner Cable announced plans to buy
3627-530: A three-way merger was formed between the three legal entities of the Lionheart group of companies—record label Lionheart International, music publisher Lionheart Music and artist management and booking company "Molin Ljunggren Productions" MLP—creating Lionheart Music Group. Universal Music Sweden acquired the remaining interest in Lionheart Music Group. In September 2014, Lionheart Music Group
Capitol Music Group Sweden - Misplaced Pages Continue
3744-682: A total of 20 U.S. States. According to watchdog group Documented, in 2020 Comcast contributed $ 200,000 to the Rule of Law Defense Fund, a fund-raising arm of the Republican Attorneys General Association that was shown to have provided funding to the Save America March that devolved into an attack on the U.S. Capitol on January 6, 2021 . Comcast offers low cost internet and cable service to schools, subsidized by general broadband consumers through
3861-512: A worldwide basis. The exclusive deal also saw UMG granted unlimited access to all rights pertaining to Disney's 85-year back catalog of soundtracks and albums. On April 2, 2013, the gospel music divisions of Motown Records and EMI merged to form a new label called Motown Gospel. In May 2013, Japanese company SoftBank offered $ 8.5 billion to Vivendi for the acquisition of UMG, but Vivendi rejected it. In July 2018, JPMorgan said that UMG could be worth as much as $ 40 billion and then increased
3978-823: 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 Group 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
4095-507: Is also an attribute upon which Comcast receives strong marks. In 2008, Black Enterprise magazine rated Comcast among the top 15 companies for workforce diversity. Comcast reported a net profit in each year during the period 2006 to 2022. As of 2020, the company was ranked 28th on the Fortune 500 rankings of the largest United States corporations by total revenue. For the fiscal year 2022, Comcast reported earnings of US$ 15.4 billion,
4212-862: Is also headquartered in Hollywood. Universal Music Group operates a secondary office in Woodland Hills that includes finance, royalty, and operations functions. Universal Music Latin Entertainment is headquartered in Miami, Florida . Universal Music Group Nashville is headquartered in Nashville, Tennessee . UMG has offices in New York City where Island Records , Def Jam Recordings , Republic Records , Verve Label Group , and Spinefarm Records are headquartered. Universal Music Spain
4329-476: Is also the parent company of Sky Group . Comcast is criticized and put under intense public scrutiny for a variety of reasons. Its customer satisfaction ratings were among the lowest in the cable industry during the years 2008–2010. It has violated net neutrality practices in the past and despite its commitment to a narrow definition of net neutrality, critics advocate a definition that precludes any distinction between Comcast's private network services and
4446-640: Is based in Madrid , Spain. Universal Music Group Global (formerly known as Universal Music Group International (UMGI) ) operates offices in London. Universal Music GmbH, the German subsidiary, is headquartered in Berlin . It moved in 2002 from Hamburg to the district Friedrichshain at the river Spree . In February 2024 the company moved out of the iconic building also called "Eierspeicher" into another office down
4563-532: Is based upon, and consists of, the American label Capitol Records . Capitol Records Group Sweden also operates its own "Capitol Records Sweden" label proper. The Lionheart International record label was established in 1990. Lionheart has a dance record label called "Kavalkad" and an electro/dance/pop/rock record label called "SoFo Records". In 2002 they started a collaboration with Mariann Grammofon (Warner Music Group) that resulted in "M&L Records". In 2002,
4680-467: Is described as a family business . Brian L. Roberts , its chairman and CEO, is the son of founder Ralph J. Roberts (1920–2015). Roberts owns or controls about 1% of all Comcast shares but all of the Class B supervoting shares, giving him an "undilutable 33% voting power over the company". Legal expert Susan P. Crawford has said this gives him "effective control over [Comcast's] every step". In 2010, he
4797-598: Is expected to be of $ 3.36 billion. In February 2020, Vivendi announced it was planning to go public in an IPO within three years. On June 16, 2020, Universal rebranded Virgin EMI Records as EMI Records and named Rebecca Allen (former president of UMG's Decca label) as the label's president, bringing back the EMI brand. The same day, UMG announced launch of its new affiliates in Morocco and Israel. In July 2020, UMG signed
Capitol Music Group Sweden - Misplaced Pages Continue
4914-638: Is over a third bigger than initial valuation. In January 2022, UMG (through INgrooves ) acquired the Icelandic record label Alda Music, which owned the rights to nearly 80 percent of all music released in Iceland. In February 2022, Universal Music Group announced a partnership with Curio, an NFT platform, to create NFT collections for its record labels and artists. On May 31, 2022, Universal Music Group announced Baa1/BBB long-term credit ratings from Moody's and S&P. In October 2022, Mercedes-Benz launched
5031-461: Is the third-largest pay-TV company, the second-largest cable TV company by subscribers, and the largest home Internet service provider in the United States. In 2023, the company was ranked 51st in the Forbes Global 2000 . Comcast is additionally the nation's third-largest home telephone service provider . It provides services to U.S. residential and commercial customers in 40 states and
5148-515: The District of Columbia . As the owner of NBCUniversal since 2011, Comcast is also a high-volume producer of films for theatrical exhibition and television programming, and a theme parks operator. It is the fourth-largest telecommunications company by worldwide revenue. Comcast owns and operates the Xfinity residential cable communications business segment and division; Comcast Business,
5265-672: The Euronext Amsterdam stock exchange. The company went public on September 21, 2021, at a valuation of €46 billion. As of April 2024, UMG's catalogue includes over 3 million recordings and 4 million compositions. As of November 2024, UMG is facing accusations of violating the Racketeer Influenced and Corrupt Organizations Act ; and using deceptive business practices and false advertising under New York state law, to illegally inflate music streams using bots, payola and other methods. The company's origins go back to
5382-487: The "Annenberg Inclusion Initiative", becoming the first music company to do so. The initiative is meant to create change for representation of women and underrepresented racial and ethnic groups in the media industry. In December 2017, Universal Music Group acquired Stiff and ZTT labels, along with Perfect Songs Publishing, from Trevor Horn 's SPZ Group; BMG Rights Management , through Union Square Music subsidiary, retained its back catalogues. That same month, UMG signed
5499-659: The 'ethical use' of Artificial Intelligence (AI). Also in October 2023, UMG formed a new partnership with BMG Rights Management to develop collaborative initiatives to enlarge opportunities for BMG-signed artists all over the world. Unable to reach a licensing agreement with TikTok, UMG removed its music from the platform in January 2024, During UMG's fourth-quarter earnings call on February 29, Grainge said: "There must not be free rides for massive global platforms such as TikTok." The company reported that quarterly revenue rose 9 percent, to 3.2 billion euros ($ 3.5 billion). Following
5616-712: The 20% which requires official registration . Comcast's PAC , the Comcast Corporation and NBCUniversal Political Action Committee, is among the largest PACs in the U.S., raising about $ 3.7 million from 2011 to 2012 for the campaigns of various candidates for office in the United States Federal Government . Comcast is also a major backer of the National Cable and Telecommunications Association Political Action Committee, which raised $ 2.6 million from 2011 to 2012. Comcast spent
5733-531: The Beatles (formerly of Parlophone) and Robbie Williams (formerly of Chrysalis). The Beatles catalogue was transferred to UMG's newly formed Calderstone Productions , while Williams' catalogue was transferred to Island Records . Universal Music Group completed their acquisition of EMI on September 28, 2012. In November 2012, Steve Barnett was appointed chairman and CEO of Capitol Music Group . He formerly served as COO of Columbia Records . In compliance
5850-549: The FCC approved the deal by a vote of 4 to 1. The transaction was completed on January 28, 2011. In December 2012, Comcast adopted a new corporate logo, which incorporates NBC's peacock logo to signify its ownership of the broadcaster. On February 12, 2013, Comcast announced that it would acquire the remaining 49% of General Electric's interest in NBCUniversal, in a deal valued at approximately $ 16.7 billion. The acquisition
5967-659: The Greek market, as part of its divesture plans, Universal Music retained Minos EMI and sold Universal Music Greece to Greek investors who renamed it Cobalt Music. Edel AG acquired the MPS catalogue from Universal in January 2014. On March 20, 2013, UMG announced the worldwide extension of their exclusive distribution deal with the Disney Music Group , excluding Japan. As a result of this deal DMG's labels and artists have access to UMG's roster of producers and songwriters on
SECTION 50
#17327870064766084-792: The National Digital Television Center in Centennial, Colorado as a wholly owned subsidiary, now known as the Comcast Media Center . In 2003, Comcast became one of the original investors in The Golf Channel . After Excite@Home went bankrupt in October 2001, Comcast took over providing internet directly to consumers in January 2002. On February 11, 2004, Comcast announced a $ 54 billion bid for Disney, including taking on $ 12 billion of Disney's debt. The deal would have made Comcast
6201-871: The Philadelphia, Detroit, Baltimore , Orange County, California , Sarasota and Union, New Jersey areas. Comcast's cable acquisitions in 1997 were Jones Intercable, Inc. with 1 million customers, and a stake in Prime Communications with 430,000 subscribers. In February 1998, Comcast sold its U.K. division to NTL for US$ 600 million, along with the division's $ 397 million in debt. In 1999, Comcast sold Comcast Cellular to SBC Communications for $ 400 million, releasing them from $ 1.27 billion in debt. Also in 1999, Comcast acquired Greater Philadelphia Cablevision, and launched Comcast University as well as Comcast Interactive Capital Group. In November 1999, Comcast purchased Lenfest Communications, who were
6318-872: The Philippines and more. Company's legal headquarters are in the Netherlands. Universal Music Group's largest corporate shareholder, Tencent , is headquartered in Shenzhen , China. Tencent's ultimate largest controlling corporate shareholder, Naspers , is headquartered in Cape Town , South Africa. On March 8, 2022, UMG suspended all its operations in Russia , following the country's invasion of Ukraine . In 2023, UMG announced its expansion with its new office in Casablanca , Morocco. As of January 2022,
6435-685: The Seattle-based software company thePlatform. This represented an entry into a new line of business—selling software to allow companies to manage their Internet (and IP-based) media publishing efforts. On April 3, 2007, Comcast announced it would acquire the cable systems owned and operated by Patriot Media, a privately held company owned by cable veteran Steven J. Simmons, Spectrum Equity Investors and Spire Capital, that served approximately 81,000 video subscribers for $ 483 million. Comcast announced in May 2007 and launched in September 2008
6552-631: The Top 10 artists, including all of the top five, as well as all of the top eight artists ranked by on-demand audio streams. In August 2018, UMG announced a strategic expansion in Africa, opening an office in Abidjan to oversee French-speaking Africa, and also unveiling a Universal Music Nigeria office in Lagos to focus on signing local artists and taking them global. In September 2018, singer Elton John signed
6669-539: The U.S. government's E-Rate program. Critics have noted that many of the strongest supporters of Comcast's business deals have received substantial funding from the Comcast Foundation. However, it is important to note that for years, Comcast has been relying on subsidiaries to finance philanthropic pursuits. In 1963, Ralph J. Roberts in conjunction with his two business partners, Daniel Aaron and Julian A. Brodsky , purchased American Cable Systems as
6786-492: The acquisition was completed on June 25, 2007. In June 2007, UMG acquired Sanctuary, which eventually became UMG's entertainment merchandising and brand management division, Bravado. In 2008, Universal Music Group agreed to make its catalog available to Spotify , then a new streaming service, for use outside the U.S. on a limited basis. Doug Morris stepped down from his position as CEO on January 1, 2011. Former chairman/CEO of Universal Music International Lucian Grainge
6903-545: The addition of Japan, UMG distributes releases from Disney Music Group globally. In July, the Rolling Stones signed a worldwide agreement with UMG covering the band's recorded music and audio-visual catalogues, archival support, global merchandising and brand management. That same month, Vivendi announced it would explore selling as much as half of Universal Music Group to one or more investors. In Nielsen's 2018 US Music Mid-Year report, UMG made history with eight of
7020-452: The age of 27, an age at which several iconic musicians died . Melody Island was an animated series based on tropical island music with live craft segments. Mixtape had twelve episodes, with each episode connected to a song. In October 2017, UMG announced the launch of its Accelerator Engagement Network, an initiative aimed to help develop music-based startups around the world. In November 2017, USC Annenberg announced UMG's partnership in
7137-582: The assets of bankrupted Adelphia Cable . The two companies paid a total of $ 17.6 billion in the deal that was finalized in the second quarter of 2006—after the U.S. Federal Communications Commission (FCC) completed a seven-month investigation without raising an objection. Time Warner Cable became the second-largest cable provider in the U.S., ranking behind Comcast. As part of the deal, Time Warner Cable and Comcast traded existing subscribers in order to consolidate them into larger geographic clusters. In August 2006, Comcast and Time Warner Cable dissolved
SECTION 60
#17327870064767254-563: The companies ultimately decided to keep only the Comcast name, with the company and new assets reincorporated in Pennsylvania on December 7, 2001. On November 18, 2002, Comcast officially acquired all assets of AT&T Broadband, thus making Comcast the largest cable television company in the United States with over 22 million subscribers. This spurred the start of Comcast Advertising Sales (using AT&T's groundwork) which would later be renamed Comcast Spotlight and now effectv, A Comcast Company. As part of this acquisition, Comcast also acquired
7371-493: The company was prompted to lay off a number of their employees; revenue for their theme park locations fell 81 percent to $ 311 million from $ 1.63 billion in 2019. In 2024, Comcast signed a deal with Starlink to provide satellite-based connectivity to business customers in regions with limited network access. On February 12, 2014, the Los Angeles Times reported that Comcast sought to acquire Time Warner Cable in
7488-425: The company was renamed Universal Studios, Inc. , and its music division was renamed Universal Music Group; MCA Records continued as a label within the Universal Music Group. In May 1998, Seagram purchased PolyGram and merged it with Universal Music Group in early 1999. Seagram's entertainment assets were then sold to French media conglomerate Vivendi in 2000, along with UMG. In May 2004, Universal Music Group
7605-608: The company was so widely criticized by its customers, the media, and its own workers. It concluded that Comcast's staff endured unreasonable corporate policies: "Customer service has been replaced by an obsession with sales; technicians are understaffed … tech support is poorly trained, and the company is hobbled by internal fragmentation." A widely read article by an anonymous Comcast call center employee appeared in November 2014 on Cracked . Titled "Five Nightmares You Live While Working For America's Worst Company", it claimed that Comcast
7722-554: The company's catalog division, are headquartered in Santa Monica. Def Jam , Island and Republic Records also maintain offices there. UMG chairman & CEO Lucian Grainge is based at the company's Santa Monica offices. Universal Music Publishing is also headquartered in the city. Capitol Music Group is headquartered at the Capitol Records Building in Hollywood. Universal Music Latin Entertainment
7839-399: The company's shares were held by: In 2000, music companies including UMG entered into consent agreements with the Federal Trade Commission , with no admission of liability, whereby they agreed to discontinue the use of Minimum Advertised Price programs under which subsidized cooperative advertising was provided to retailers that agreed to adhere to minimum advertised pricing. In 2002,
7956-969: The conditions of the European Commission after purchase of EMI, Universal Music Group sold the Mute catalogue to the German-based BMG Rights Management on December 22, 2012. Two months later, BMG acquired Sanctuary Records for €50 million ($ 58 million). On February 8, 2013, Warner Music Group acquired the Parlophone Label Group (consisting of Parlophone Records , Chrysalis Records , EMI Classics , Virgin Classics and EMI Records' Belgian, Czech, Danish, French, Norwegian, Portuguese, Spanish, Slovak and Swedish divisions) for $ 765 million (£487 million). Later in February, Sony Music Entertainment acquired UMG's European share in Now That's What I Call Music for approximately $ 60 million. Play It Again Sam acquired Co-Operative Music for £500,000 in March 2013. With EMI's absorption into Universal Music complete, its British operations consist of five label units: Island, Polydor, Decca, Virgin EMI and Capitol. In
8073-426: The court holding a trial on whether UMG had a subjective belief that the video was infringing and not fair to use before sending its request to YouTube. In April 2016, UMG had the audio muted of a video clip showing Katherine Jenkins singing the British national anthem. They claimed that the recording of " God Save the Queen " was copyrighted, and YouTube initially complied with this request, but subsequently offered
8190-409: The deal, emphasizing the increased capabilities of a combined telecommunications network, and to "create operating efficiencies and economies of scale". In 2014, critics expressed concern that the deal would give Comcast greater negotiating power in a number of areas, including rebroadcast fees with television channels, and peering agreements with ISPs. Critics noted in 2013 that Tom Wheeler ,
8307-462: The disbandment of Island Def Jam Music , one of four operational umbrella groups within Universal Music. Universal CEO Lucian Grainge said of the closure, "No matter how much we might work to build 'IDJ' as a brand, that brand could never be as powerful as each of IDJ's constituent parts." Island Records and Def Jam now operate as autonomous record labels. David Massey and Bartels, who worked respectively at Island and Def Jam Records, were named to
8424-594: The earnings call, UMG began a "strategic organizational redesign" that included company-wide layoffs. Universal Music Group co-developed with Google Vevo , a site designed for music videos inspired by Hulu , which similarly allows free ad-supported streaming of videos and other music content. On May 24, 2018, Vevo announced that it would no longer continue distributing videos to Vevo.com, instead opting to primarily focus on YouTube syndication. UMG's operational headquarters are located in Santa Monica . Interscope-Geffen-A&M and Universal Music Enterprises (UME),
8541-525: The federal investigation. On April 24, 2015, Jonathan Sallet, general counsel of the F.C.C., explained that he was going to recommend a hearing before an administrative law judge, equivalent to a collapse of the deal. In August 2015, Comcast announced that it would increase Internet speeds for low-income customers from 5 Mbit/s to 10 Mbit/s, provide free wireless routers, and pilot an initiative to increase Internet access for low-income senior citizens. In September of that year Comcast also launched Watchable,
8658-429: The fifth largest lobbying organization in the United States, spending $ 19.8 million in 2013. Comcast was among the top backers of Barack Obama 's presidential runs, with Comcast vice president David Cohen raising over $ 2.2 million from 2007 to 2012. Cohen has been described by many sources as influential in the U.S. government, though he is no longer a registered lobbyist, as the time he spends lobbying falls short of
8775-459: The fire which swept through Universal Studios Hollywood on June 1, 2008, caused "the biggest disaster in the history of the music business". In space rented from NBCUniversal, according to an official document marked "Confidential", the fire destroyed at least 118,230 "assets" ( master recordings ), or about 500,000 song titles, owned by UMG. "The vault housed tape masters for Decca , the pop, jazz and classical powerhouse; it housed master tapes for
8892-582: The first time it became a mobile phone operator . In February 1990, Ralph Roberts' son, Brian L. Roberts, succeeded his father as president of Comcast. Two years later, the company's mobile division, Comcast Cellular, purchased a controlling interest in Metromedia 's Philadelphia-area cellular telephone interests, Metrophone. By 1994, Comcast owned 50% stock in the cable communications company Garden State Cable , who by that year were serving approximately 195,000 subscribers. That same year, Comcast became
9009-412: The formation of the American branch of Decca Records in September 1934, and its name and company logo originate from Carl Laemmle 's Universal Pictures . Although the movie studio and the music business share a common history, today the former is part of Comcast and the latter an independent commercial entity. During World War II , many record companies donated their metal masters to recycling for
9126-401: The head of the FCC, which has to approve the deal, is the former head of both the largest cable lobbying organization, the National Cable & Telecommunications Association, and as largest wireless lobby, CTIA – The Wireless Association . According to Politico , Comcast "donated to almost every member of Congress who has a hand in regulating it". The U.S. Senate Judiciary Committee held
9243-643: The largest media conglomerate in the world. However, after rejection by Disney and uncertain response from investors, the bid was abandoned in April. In 2004, Comcast sold its QVC shares to Liberty Media for $ 7.9 billion. On April 8, 2005, a partnership led by Comcast and Sony Pictures Entertainment finalized a deal to acquire MGM and its affiliate studio, United Artists , and created an additional outlet to carry MGM/UA's material for cable and Internet distribution. On October 31, 2005, Comcast officially announced that it had acquired Susquehanna Communications ,
9360-475: The launch of the @Home Network . Also in 1996, Comcast formed Comcast Spectacor , which became owner of the Philadelphia Flyers. In 1997, Microsoft invested $ 1 billion in Comcast, and the company launched its digital TV service. That same year, in partnership with The Walt Disney Company , Comcast got a 50.1% controlling interest in E! Entertainment. By December 31, 1997, it was available in
9477-671: The major Grammy Awards for the year, with Sam Smith receiving Best New Artist , Record of the Year and Song of the Year awards and Beck winning Album of the Year . In March 2016, Universal Music Canada donated the archives of EMI Music Canada to the University of Calgary . In May 2016, UMG acquired Famehouse, a digital marketing agency. That same year, Paul McCartney and the Bee Gees both signed to UMG's Capitol Records, including their catalog releases. In April 2017, UMG signed
9594-868: The most money of any organization in support of the Stop Online Piracy and PROTECT IP bills, spending roughly $ 5 million to lobby for their passage. Comcast also backs lobbying and PACs on a regional level, backing organizations such as the Tennessee Cable Telecommunications Association and the Broadband Communications Association of Washington PAC. Comcast and other cable companies have lobbied state governments to pass legislation restricting or banning individual cities from offering public broadband service. Municipal broadband restrictions of varying scope have been passed in
9711-453: The most-streamed song from the pre-streaming era and the most-streamed classic rock song of all time. In February 2019, UMG fully acquired music distributor INgrooves . In June 2019, YouTube and UMG announced that they were upgrading more than 1,000 popular music videos to high definition, releasing them through 2020. In August 2019, Tencent and Vivendi started negotiation to sell 10% Vivendi's stake of Universal Music to Tencent. The deal
9828-455: The new company, while Comcast owned 51%. Vivendi , which owns 20%, would have to sell its stake to GE. It was reported that under the current deal with GE that it would happen in November or December. It was also reported that Time Warner would be interested in placing a bid, until CEO Jeffrey L. Bewkes directly denied interest, leaving Comcast the sole bidder. On November 1, 2009, The New York Times reported Comcast had moved closer to
9945-481: The new record labels independently. Barry Weiss , who previously moved from Sony Music to lead Island Def Jam Music in 2012 when Motown Records was incorporated into Island Def Jam, stepped down from Universal Music. Additionally, as part of the changes to the labels, Motown Records transferred to Los Angeles to become part of the Capitol Music Group and previous Vice President Ethiopia Habtemariam
10062-571: The news 10 days earlier that Disney negotiated with Fox to acquire the same assets. Like Disney, the deal included the 20th Century Fox film and television studios, cable entertainment and broadcast satellite networks including FX Networks , National Geographic Partners , Fox Sports Networks , and international channels such as Star India . It would not include the Fox Broadcasting Company , Fox Television Stations , Fox Sports , and Fox News units, all which will be spun-off into
10179-493: The ninth largest cable television operator at the time and were the largest operator in the Philadelphia area. This consolidated Comcast's control over all of the Philadelphia region, and earned them approximately 1.3 million additional cable subscribers. The purchase of Lenfest also bought Comcast the remaining 50% stock of the cable operator Garden State Communications — a company whom Comcast had already owned half of in partnership with Lenfest for years. Comcast quickly replaced
10296-596: The physical master reels of his recordings were affected. UMG archivist Patrick Kraus assured that the Impulse! Records , John Coltrane , Muddy Waters , Ahmad Jamal , Nashboro Records , and Chess Records masters survived the fire and were still in Universal's archive. Howard King filed a lawsuit in Los Angeles on June 21, 2019, on behalf of Soundgarden , Hole , Steve Earle , the estate of Tupac Shakur and
10413-565: The project, and on December 12, he denied any involvement in the takedown notice. Megaupload dismissed its case against UMG in January 2012. Comcast Comcast Corporation , formerly known as Comcast Holdings , is an American multinational telecommunications and media conglomerate incorporated and headquartered in Philadelphia . It is the fourth-largest broadcasting and cable television company worldwide by revenue (behind China Mobile , Verizon , and AT&T ). It
10530-677: The purchase instead. In September 2021, IPO , Euronext Amsterdam announces an introduction price of €18,50 and Vivendi set an initial valuation for UMG at €33 billion ($ 38.3 billion). Vivendi distributed 60% of its UMG shares and retaining 10%. The family of French businessman Vincent Bolloré is revealed as the majority shareholder with 28% of UMG shares, through its holding company Bolloré (18%) and its subsidiary Vivendi (10%), headed by his son Yannick Bolloré . Tencent emerged as UMG's biggest corporate shareholder with 20% of shares. Pershing Square Holdings held 10% of UMG shares. In its IPO, UMG hits €54 billion ($ 62.6 billion) valuation which
10647-766: The rest of the Internet. Critics also point out a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers. Given its negotiating power as a large ISP, some suspect that it could leverage paid peering agreements to unfairly influence end-user connection speeds. Its ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014. Comcast
10764-939: The sale of EMI to UMG was approved in the European Union and the United States by the European Commission and Federal Trade Commission respectively. However, the European Commission approved the deal only under the condition the merged company divest one third of its total operations to other companies with a proven track record in the music industry. UMG divested Mute Records , Parlophone , Roxy Recordings , MPS Records , Cooperative Music , Now That's What I Call Music! , Jazzland , Universal Greece, Sanctuary Records , Chrysalis Records , EMI Classics , Virgin Classics , and EMI's European regional labels to comply with this condition. UMG retained
10881-476: The scope of the incident and affected assets." Following the publication of the New York Times story, Questlove of The Roots confirmed that the master tapes for two of the band's albums, including unused material and multi-track recordings, were lost in the fire. Similarly, Nirvana bassist Krist Novoselic said he believed the masters for the band's 1991 album Nevermind were "gone forever" as
10998-523: The second-tallest skyscraper in Pennsylvania. In the fall of 2018, it finished construction of the 1,121 ft (342 m) Comcast Technology Center , Pennsylvania's tallest skyscraper, adjacent to its original headquarters. As of 2019, the company had 184,000 employees. Comcast is often criticized by the media and its own staff for its less-than-upstanding policies of employee relations. A 2014 investigative series published by The Verge involved interviews with 150 Comcast employees, and examined why
11115-413: The shape of a pile of human feces was delivered to Comcast Corporate Headquarters to commemorate the unmatched level of enmity flowing from their customer base to their business. Comcast responded immediately by publicly acknowledging the dubious award and citing ongoing efforts to improve its customer service. One effort to change this is a new app called Tech ETA that allows customers to see exactly when
11232-584: The state in settlement. In 2007, with the help of the Electronic Frontier Foundation, Stephanie Lenz sued UMG's publishing company for allegedly improperly requesting that, pursuant to the Digital Millennium Copyright Act , YouTube remove a 29-second home video in which Lenz's child danced to a recording of Prince's song " Let's Go Crazy ". After years of litigation, the suit settled in 2018, prior to
11349-583: The storied blues label Chess ; it housed masters for Impulse! , the groundbreaking jazz label. The vault held masters for the MCA, ABC, A&M, Geffen and Interscope labels; as well as some smaller subsidiary labels. Nearly all of these masters—in some cases, the complete discographies of entire record labels—were wiped out in the fire." In a statement issued on June 11, 2019, UMG said The New York Times article contained "numerous inaccuracies, misleading statements, contradictions and fundamental misunderstandings of
11466-656: The street. Universal Music Group's Universal Music Polska is located in Warsaw . Universal Music Group's Universal Music Canada is located in Toronto . Universal Music Japan is headquartered in Shibuya , Tokyo. UMG operates in more than 60 territories around the world including Australia, Central America, Brazil, France, India, China, Hong Kong, Taiwan, Sub-Saharan Africa, Central and Eastern Europe, New Zealand, Russia, Ukraine, South Korea, Singapore, Malaysia, Indonesia,
11583-612: The takedown was ordered under the terms of the Digital Millennium Copyright Act , and said that the takedown was "pursuant to the UMG-YouTube agreement," which gives UMG "the right to block or remove user-posted videos through YouTube's CMS (Content Management System) based on a number of contractually specified criteria." The video was subsequently returned to YouTube, with the reasons for the UMG takedown remaining unclear. Lawyers for will.i.am initially claimed that he had never agreed to
11700-423: The ten-year general manager at Garden State with their own executive, and eventually Garden State ceased operating under its own name and was fully merged to become a part of the Comcast Corporation. In 2001, Comcast announced it would acquire the assets of the largest cable television operator at the time, AT&T Broadband , for $ 44.5 billion. The proposed name for the merged company was "AT&T Comcast", but
11817-414: The third-largest cable operator in the United States, with around 3.5 million subscribers following its purchase of Maclean-Hunter 's American division for $ 1.27 billion. Comcast grew to 4.3 million subscribers the following year with the purchase of the cable operation of E. W. Scripps Company for $ 1.575 billion in stock. Comcast offered internet connection for the first time in 1996, with its part in
11934-617: The valuation to $ 50 billion in 2019. In August 2013, UMG became the first company in the US to have nine of the Top 10 songs on the digital charts, according to SoundScan and weeks later, became the first company to hold all 10 of the Top 10 spots on the Billboard Hot 100 Chart . In September 2013, UMG received a SAG-AFTRA American Scene Award for the company's commitment to diversity as exemplified by its "entire catalog and roster of artists." On April 1, 2014, Universal Music announced
12051-440: The value created by artists. Indeed, in September 2023, they announced their launch of an artist-centric streaming model designed to better remunerate the artists and music that fans mostly enjoy. Also in 2023, Universal Music Group introduced a HBCU scholarship program for aspiring doctors. In October 2023, UMG and BandLab Technologies formed a partnership to protect the rights of artists as well as songwriters and guarantee
12168-440: The video with the original audio track. In December 2007, UMG announced a deal with Imeem that allowed users of the social network to listen to any track from Universal's catalogue for free with a portion of the advertising generated by the music being shared with the record label. All traffic was redirected to MySpace after that company acquired Imeem on December 8, 2009. According to Jody Rosen of The New York Times ,
12285-535: The war effort. However, Universal was an exception and donated more than 200,000 of their historic master recordings to the Library of Congress . The Decca Record Co. Ltd. of England spun American Decca off in 1939. MCA Inc. merged with American Decca in 1962. In November 1990, Japanese multinational conglomerate Matsushita Electric agreed to acquire MCA for $ 6.59 billion. In 1995, Seagram acquired 80 percent of MCA from Matsushita. On December 9, 1996,
12402-533: Was cast under separate management from Universal Studios, when Vivendi sold 80% of the latter to General Electric , who subsequently merged it with NBC to form NBCUniversal . This came two months after the separation of Warner Music Group from Time Warner . In February 2006, Vivendi purchased the remaining 20 percent of UMG from Matsushita Electric . On September 6, 2006, Vivendi announced its €1.63 billion ($ 2.4 billion) purchase of BMG Music Publishing ; after receiving European Union regulatory approval,
12519-626: Was completed on March 19, 2013. Comcast reported that third-quarter net profits in 2020 fell 37 percent to $ 2.02 billion from $ 3.22 billion the previous year, in part due to the limited capacity measures for the COVID-19 pandemic at theme parks like Universal Studios and movie theaters, with revenues falling 4.8 percent. With their theme park in California being closed since March 2020 and limited capacity at locations in Florida and Japan ,
12636-440: Was estimated that consumers were overcharged by $ 500 million and up to $ 5 per album. In May 2006, an investigation led by then New York Attorney General , Eliot Spitzer , concluded with a determination that Universal Music Group bribed radio stations to play songs from Ashlee Simpson , Brian McKnight , Big Tymers , Nick Lachey , Lindsay Lohan and other performers under Universal labels. The company paid $ 12 million to
12753-496: Was in talks to buy NBC Universal . Comcast denied the rumors at first, while NBC would not comment on them. However, CNBC itself reported on October 1 that General Electric was considering spinning NBC Universal off into a separate company that would merge the NBC television network and its cable properties such as USA Network, Syfy and MSNBC, as well as Universal Pictures , with Comcast's content assets. GE would maintain 49% control of
12870-548: Was included on CableFAX magazine's "Top 10 Places to Work in Cable", which cited its "scale, savvy and vision". Similarly, the Philadelphia Business Journal awarded Comcast the silver medal among extra-large companies in Philadelphia, with the gold medal going to partner organization, Comcast-Spectacor. The Boston Globe found Comcast to be that city's top place to work in 2009. Employee diversity
12987-810: Was obsessed with sales, did not train its employees properly, and concluded that "the system makes good customer service impossible." Comcast has also earned a reputation as anti-union. A company training manual says, "Comcast does not feel union representation is in the best interest of its employees, customers, or shareholders". A dispute in 2004 with CWA , a labor union representing many employees at Comcast's Beaverton, Oregon offices, led to allegations of management intimidating workers, requiring them to attend anti-union meetings and unwarranted disciplinary action for union members. In 2011, Comcast received criticism from Writers Guild of America for its policies regarding unions. Despite these criticisms, Comcast has appeared on multiple "top places to work" lists. In 2009, it
13104-507: Was one of the highest paid executives in the United States, with total compensation of about $ 31 million. As of February 18, 2024: Comcast is headquartered in Philadelphia, Pennsylvania, and has offices in Atlanta , Detroit , Denver , Manchester, New Hampshire and New York City . On January 3, 2005, it announced it would become the anchor tenant in the new Comcast Center in downtown Philadelphia—at 975 ft (297 m),
13221-507: Was president of production as head of film and television development and production, and theater producer Scott Landis as special advisor on theatrical development and production. UMG Executive Vice President Michele Anthony and Universal Music Publishing Group Chairman and CEO Jody Gerson have oversight of the pair. On February 11, 2017, PolyGram Entertainment was relaunched as a film and television unit of Universal Music Group under David Blackman. In 2015, UMG's Capitol Records earned all
13338-593: Was promoted to CEO of the company. Grainge later replaced Morris as chairman on March 9, 2011. Morris became the next chairman of Sony Music Entertainment on July 1, 2011. With Grainge's appointment as CEO at UMG, Max Hole was promoted to COO of UMGI, effective July 1, 2010. In January 2011, UMG announced it was donating 200,000 master recordings from the 1920s to 1940s to the Library of Congress for preservation. In 2011, EMI agreed to sell its recorded music operations to Universal Music Group for £1.2 billion ($ 1.9 billion) and its music publishing operations to
13455-514: Was promoted to Label President for Motown Records. Universal Music Group entered into film and TV production with the 2014 purchase of Eagle Rock Entertainment . UMG's first major film production was Amy , which won an Oscar for Best Documentary, while taking part in Kurt Cobain: Montage of Heck and The Beatles: Eight Days a Week documentaries. In January 2016, UMG hired David Blackman from Laurence Mark Production where he
13572-556: Was removed following a takedown request by UMG. Megaupload said that the video contained no infringing content, commenting: "we have signed agreements with every featured artist for this campaign". Megaupload requested an apology from UMG, and filed a lawsuit against the company in the United States District Court for the Northern District of California , on December 12, 2011. UMG denied that
13689-718: Was restructured—including being combined with other domestic repertoire operations within Universal Music Sweden—and relaunched as Capitol Music Group Sweden. The umbrella label group includes the Lionheart record label, as well as the Universal Music Group -owned EMI legacy labels Capitol Records and Virgin Records being utilised for domestic repertoire. Universal Music Group Universal Music Group N.V. (often abbreviated as UMG and referred to as Universal Music Group or Universal Music )
#475524