Universal Music Group (UMG) leads the music industry in global sales with an estimated worldwide market share in 2006 of 25.9%. Its global operations encompass the development, marketing, sales and distribution of recorded music through a network of subsidiaries, joint ventures and licensees in 77 countries, representing approximately 98% of the music market. UMG is the #1 company in countries which together represent more than 50% of the global music market sales, including the U.S. and the U.K. UMG’s business also includes the world’s largest music publishing company, Universal Music Publishing Group.   More detail...