UMG And Disney Music Group Expand Agreement Globally
March 20, 2013 at 8:15 AM (PT)
UNIVERSAL MUSIC GROUP and THE DISNEY MUSIC GROUP, which includes HOLLYWOOD RECORDS, WALT DISNEY RECORDS and DISNEY MUSIC PUBLISHING, have expanded their ongoing relationship through a new long-term global commercial and creative agreement, it was announced TODAY (3/20) by UMG Chairman/CEO LUCIAN GRAINGE and DMG EVP KEN BUNT.
For the first time, this new agreement provides for close creative collaboration between the two companies as DMG’s labels and artists will now have access to UMG’s roster of multiplatinum and Grammy Award-winning producers and songwriters on a worldwide basis.
"We are delighted to take our successful and long-standing relationship with DISNEY to the next level," said GRAINGE. "Providing access to our creative resources on a global scale, this new agreement takes our relationship with DISNEY beyond simply the commercial and fosters collaboration on a musical level."
"UNIVERSAL MUSIC GROUP has been a valuable and trusted collaborator of the DISNEY MUSIC GROUP for over 18 years," said BUNT. "And we are excited to expand our association to bring greater collaboration and strategic planning to our collective businesses."