Industry Oct 20, 2026
Universal Music Group Completes Corporate Restructuring
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, €250 million corporate redesign aimed at achieving significant annual savings. The major record label announced structural changes and the departure of several senior executives as part of this initiative, which was originally announced in 2024 and targeted for completion by the end of 2026. Originally reported by Complete Music Update.