Def jam owners11/6/2022 The deal would assign UMG an “enterprise value” (including debts) of about $41.53 billion (€35 billion). Plus, Vivendi in June of 2021 revealed that it was in talks to sell another 10 percent Universal Music stake, this time for about $4 billion, to hedge-fund manager William Ackman’s Square Tontine Holdings. Longtime music industry exec Lucian Grainge has led the company since 2011, charting its expansion and overseeing its 20 percent, $7.12 billion (€6 billion) sale to Tencent. UMG’s publishing division, Universal Music Publishing Group, and its approximately three-million-track catalog is second in scope only to Sony Music Publishing. states and over 60 countries around the globe, Universal Music Group and its affiliates earned about $8.82 billion in 2020. Predictably, given this extensive lineup of sublabels, artists such as Taylor Swift (Republic), Billie Eilish (Interscope), BTS (Def Jam Japan), Lil Wayne (Republic), and Kendrick Lamar (Interscope) release music under the Universal banner. Leading the list of today’s biggest record labels, the Santa Monica, California-based company boasts an array of well-known imprints, like Capitol Records, EMI Records, Republic Records, Interscope Geffen A&M Records, Def Jam Recordings, and many more. “Whilst it looks to Def Jam’s historical blueprint for artist development, cultural impact and hopefully global success, the Def Jam Africa identity and sound will come from Africa.” Dlamini further added.Īfrica is steady growing into an entertainment power house, especially in the music industry, with Afrobeats looking to take over the world, and bringing the world to Africa.Established in 1934 as the American branch of Decca Records, Universal Music Group (UMG) – now a subsidiary of French conglomerate Vivendi – adopted its current name in late 1996. “This way, you have a team that is solely working these artists, so that they understand the DNA of the label, and the importance of developing a quality and authenticity of sound, that has a focused roster of talent that reflects those values.” Sipho stated on the launch of Def Jam Africa. Sipho Dlamini, Universal Music Group, Sub Saharan Africa/South Africa Chief, said “Def Jam has also been a mark of quality in hip-hop and so it was a natural fit.” Previously, everything had been released under “UMG Africa”. The music label is the first label under the Universal Music Group, to exist as a stand-alone label. The label announced a flagship roster of artists, which include Boity (South Africa), Cassper Nyovest (South Africa), Larry Gaaga (Nigeria), Nadia Nakai (South Africa), Nasty C (South Africa), Tshego (South Africa), Tellaman (South Africa), Ricky Tyler (South Africa) and Vector (Nigeria). The new divisions would be based in Lagos and Johannesburg, but would be able to sign artists from all over Africa. Universal Music Group, the owners of Def Jam, announced the launch today, stating that the new label is dedicated to representing “the best hip-hop, Afrobeats and trap talent in Africa, and will follow the blueprint of the iconic Def Jam Recordings label,” one of the most important hip-hop/R&B companies in history. Def Jam has announced the opening of 2 new divisions in Africa, one in Johannesburg, South Africa, and the other in Lagos, Nigeria.
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