Industry Oct 17, 2026
Universal Music Group Restructures, Senior Executives 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 is implementing structural changes as it nears the end of its two-year "strategic organizational redesign" aimed at achieving €250 million in annual savings. This process, announced in 2024 and due for completion by the end of 2026, has resulted in the departure of several senior executives, including the President of Polydor. Originally reported by Complete Music Update.