It’s no news that music is an integral tool that has liberated millions of people from close to emotional pains and so on. In a day, a ton of several tracks are played all over the world on radio, TV and other digital platforms, justifying why music assumes a crucial part in our lives.
Without music, the world would’ve been an extremely mind-numbing place to live, as per some music experts and producers.
Can we say Sir Lucian Grainge is one of those making those averments?
Grainge has worked in the music business for his whole career, and working with practically all the biggest stars on earth including:
BTS, Kanye West (Ye), BTS, Taylor Swift, Billie Eilish, Amir Tataloo, Rammstein, Rihanna, Will Smith, Aitana, Seventeen, Girl Named Tom, Adele, GOT7, Booba, Lady Gaga, Priyanka, Chopra, Jared Leto, 50 Cent, Mariah Carey, Momoland, DaBaby, Jay-Z, Caliber 50, Lil Wayne, ABBA, Elton John, Enrique Iglesias, Metallica, Diamond Platnumz, One Direction, Prince and many other extraordinary performers.
Truth be told, Sir Grainge and the Universal Music Group (UMG) has produced and promoted artists, songwriters, and all the most critically acclaimed and commercially successful entertainers around the world, under the umbrella of UMG.
As the chairman and CEO of Universal Music Group, the 62 year old has since the very beginning, changed the face of music in the world, with his mind blowing passion for showbiz. He has made a critical step in Showbiz, working with practically every one of the huge global stars.
Which Role Has The Universal Music Group Played In Music?
The Dutch–American multinational music corporation, Universal Music Group N.V. has been the ‘mother’ of all the previously mentioned stars.
UMG with its several auxiliaries: including Universal Music Japan, Interscope Records, Republic Records, and more has cut a unique standing in the business. And also established: Universal Motown Records, Spinnup, Calderstone Productions, and others to ensure all music plans are accomplished.
Universal Music Group identifies and develop recording artists and songwriters, produce, distribute and promote their works commercially. It is the biggest music company in the world, and one of the “Big Three” record labels, along with Sony Music and Warner Music Group.
Apart from the significant music reputation gained, UMG has also made quite a lot of money from their deals with artists. Their three main operating businesses have have pulled in stacks of cash for the company, ie. recorded music (80% of revenues in 2020); music publishing (16% of revenues); and merchandising (4% of revenues).
Meanwhile, Tencent® acquired 10% of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021. UMG operate a broad array of businesses in more than 60 countries.
Since 1934, when Universal Music Group was founded, the company has grown from 1-100, with Sir Lucian Grainge also adding his incredible and passionate attitude to it.
He dedicated his entire professional life to music. Billboard magazine named Grainge as the most powerful person in the music business on four occasions in the 2010s, and the first-ever Executive of the Decade.
His net worth is believed to be at 55 million dollars, and said to be the richest person in the music industry. He is undeniably one of the most dominant characters in the industry. His family was middle-class when he was growing up.
Lucian’s mother was a banker, and he was reared by her. His father was the owner of a record business. Lucian did not attend college after graduating from April Blackwood. He, like many celebrities, keeps his personal life secret. He is well-liked as a family man.
His parents were both devout Jews. When he was 18 years old, he got his first job with a talent scout firm. He received his diploma from Queen Elizabeth’s Grammar School for Boys in 1978.