UMG's inclusion in the TIME100 marks the first appearance of a major music company since the list's inception

, /PRNewswire/ -- Universal Music Group (UMG), the world leader in music-based entertainment, was named to TIME's fifth-annual TIME100 Most Influential Companies list, highlighting companies making an extraordinary impact around the world. 

UMG's inclusion marks the first appearance of a major music company since the list's inception.  TIME recognized UMG for its longstanding commitment to defending artists rights including its work to "empower creators" and in "championing a more equitable streaming economy and responsible AI." 

TIME stated:

"Under CEO Lucian Grainge, UMG is championing a more equitable streaming economy and responsible AI. It has forged artist-centric royalty models with Spotify and Deezer and partnered with YouTube to help create AI music principles that balance artists' rights, creativity and safety.

See the full list here: time.com/100companies  

ABOUT UNIVERSAL MUSIC GROUP

At Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information on Universal Music Group, please visit www.universalmusic.com

SOURCE Universal Music Group N.V.