


(Photo Credit: Vornado Realty Trust)
UMG Relocates New York Offices to the Penn District
New location will feature retail space, production facilities and digital signage
Universal Music Group (UMG) has leased new office space at PENN 2, a recently completed office tower along Seventh Avenue in the heart of Midtown Manhattan, adjacent to Madison Square Garden.
Why it matters:
The new offices will serve as the headquarters for Def Jam Recordings, Island Records, Mercury Records and Republic Records.
UMG's merchandise company Bravado and the Verve Label Group (including Verve, Impulse! and Decca Records U.S.) will also be headquartered there.
In addition, it will serve as the East Coast offices for Universal Music Publishing Group and several UMG corporate functions.
UMG is scheduled to relocate in 2027.
A multi-purpose space:
The ground floor will feature a "premium retail space" to serve superfans.
It will boast a new state of the art production facility.
UMG will also be able to showcase its artists on large scale LED signage.
Universal Music Group (UMG) has leased new office space at PENN 2, a recently completed office tower along Seventh Avenue in the heart of Midtown Manhattan, adjacent to Madison Square Garden.
Why it matters:
The new offices will serve as the headquarters for Def Jam Recordings, Island Records, Mercury Records and Republic Records.
UMG's merchandise company Bravado and the Verve Label Group (including Verve, Impulse! and Decca Records U.S.) will also be headquartered there.
In addition, it will serve as the East Coast offices for Universal Music Publishing Group and several UMG corporate functions.
UMG is scheduled to relocate in 2027.
A multi-purpose space:
The ground floor will feature a "premium retail space" to serve superfans.
It will boast a new state of the art production facility.
UMG will also be able to showcase its artists on large scale LED signage.
Universal Music Group (UMG) has leased new office space at PENN 2, a recently completed office tower along Seventh Avenue in the heart of Midtown Manhattan, adjacent to Madison Square Garden.
Why it matters:
The new offices will serve as the headquarters for Def Jam Recordings, Island Records, Mercury Records and Republic Records.
UMG's merchandise company Bravado and the Verve Label Group (including Verve, Impulse! and Decca Records U.S.) will also be headquartered there.
In addition, it will serve as the East Coast offices for Universal Music Publishing Group and several UMG corporate functions.
UMG is scheduled to relocate in 2027.
A multi-purpose space:
The ground floor will feature a "premium retail space" to serve superfans.
It will boast a new state of the art production facility.
UMG will also be able to showcase its artists on large scale LED signage.
👋 Disclosures & Transparency Block
This article was selected by the author based on their judgement that it would be interesting to readers.
📨 Subscribe to NIF
Get news dropped in your inbox 👇
📨 Subscribe to NIF
Get news dropped in your inbox 👇
Related Articles

Business & Finance
Sep 4, 2025
1 min read
StubHub Faces H1 Losses Despite Increasing Revenue
The ticket reseller lost money primarily due to increasing costs

Business & Finance
Sep 2, 2025
1 min read
Nordic Collecting Societies Close Polaris Licensing Hub
The CMOs cite shifting industry demands for the move

Business & Finance
Sep 1, 2025
1 min read
DEAG Posts Bump in Ticket Sales in H1 2025
The promoter and ticketing group is, however, still running at a loss

StubHub Faces H1 Losses Despite Increasing Revenue
The ticket reseller lost money primarily due to increasing costs

Harry Levin
Business
Sep 4, 2025

Nordic Collecting Societies Close Polaris Licensing Hub
The CMOs cite shifting industry demands for the move

Rod Yates
Business
Sep 2, 2025

DEAG Posts Bump in Ticket Sales in H1 2025
The promoter and ticketing group is, however, still running at a loss

Rod Yates
Business
Sep 1, 2025

BMG Posts H1 Revenue Decline
But lists a record EBITDA margin

Rod Yates
Business
Aug 29, 2025

CTS Eventim Reveals H1 Financials
Revenue is up, but so are cost pressures

Rod Yates
Business
Aug 25, 2025

The Weeknd is Seeking $1 Billion in Financing Backed by Catalog
This would be one of the largest financing deals based on music rights in history

Harry Levin
Business
Aug 25, 2025