Industry Oct 20, 2026
Universal Music Group Completes Corporate Redesign
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 completed its two-year "strategic organizational redesign" aimed at achieving €250 million in annual savings. The process, initiated in 2024 with a deadline of the end of 2026, has resulted in structural changes and the departure of several senior executives, including the President of Polydor. Originally reported by Complete Music Update.