Industry Oct 19, 2026
Universal Music Group completes corporate redesign, execs depart
In short
Back in 2024 Universal Music said it would find €250 million in annual savings via a “strategic organisational redesign” that would be complete by the end of 2026.
Originally published by
Complete Music Update
Universal Music Group has announced structural changes as part of its two-year, €250 million corporate redesign initiative, set to conclude by the end of 2026. These changes have resulted in the departure of several senior executives, including the President of Polydor.
The company initially stated its intention to achieve these savings in 2024. Originally reported by Complete Music Update.
The company initially stated its intention to achieve these savings in 2024. Originally reported by Complete Music Update.