Universal Music Group BV engages in the music entertainment business. Its three main operating businesses are: recorded music, music publishing and merchandising. The recorded music business discovers and develops artists, supports the creation of audio and audiovisual content by artists and then markets, distributes, sells and licenses such content to consumers across a wide array of formats and platforms. The music publishing business discovers and develops composers and songwriters and owns and administers the copyright to the musical and lyrical compositions created by such composers and songwriters, which is licensed for use in recordings, public performances and for related uses, such as in films and advertisements. The merchandising business produces and sells artist-branded products as well as other branded products. The firm's s recorded music business has offices in more than 60 territories and is present across approximately 200 markets, where markets may be defined by a number of factors, including language and dialects. Its major music markets including the United States, the United Kingdom, France and Germany. Universal Music Group has its origins in 1924 and is headquartered in Hilversum, The Netherlands.
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