GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (XAMS:UMG) » Definitions » Credit Losses Provision

Universal Music Group NV (XAMS:UMG) Credit Losses Provision


View and export this data going back to 2021. Start your Free Trial

Credit Losses Provision only applies to banks.


Universal Music Group NV (XAMS:UMG) Business Description

Traded in Other Exchanges
Address
Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW
Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.