Universal Music Group (UMG) is the world's largest music company, controlling 31.8% of the global market share. Founded in 1934 as Decca Records USA, it became UMG in 1996. Headquartered in Hilversum, Netherlands with operational headquarters in Santa Monica, California, UMG operates in over 60 countries and owns major labels including Def Jam, Island Records, and Republic Records.
